Indorama plans PET plant in U.S.

By Frank Esposito
Senior Staff Reporter

Published: November 19, 2012 6:00 am ET

Plastics News senior reporter Frank Esposito

Related to this story

Topics Materials, Suppliers

AKRON, OHIO (Nov. 19, 1:40 p.m. ET) — Indorama Ventures Public Co. Ltd.’s plan to build a new PET resin plant in the U.S. is featured in this week’s Material Insights video.

Bangkok-based Indorama hasn’t disclosed the location of the new plant, which would have 1.2 billion pounds of annual capacity. Market sources said it could be put in Decatur, Ala. — where Indorama already has a PET plant — or in Cooper River, S.C., where PTA feedstock is available.

The resignation of Ferro Corp. CEO James Kirsch also is featured in this week’s video. Kirsch resigned shortly after the firm reported a third-quarter loss of more than $300 million, mainly due to a downturn in the solar market. Ferro’s plastics unit, however, has done well this year, with nine-month profit increasing 60 percent to more than $12 million.

The video wraps up with news that PFB Corp.’s proposed acquisition of the performance styrenics business of Nova Chemicals Corp. has been called off. The deal would have made building products maker PFB a much larger company, adding about $330 million in annual sales to its own annual sales total of only $90 million.

Player adds pre-roll mathelin bay ad, to single-video player. For use on PN article embedding.

By use of this code snippet, I agree to the Brightcove Publisher T and C

found at https://accounts.brightcove.com/en/terms-and-conditions/.

—>

This script tag will cause the Brightcove Players defined above it to be created as soon

as the line is read by the browser. If you wish to have the player instantiated only after

the rest of the HTML is processed and the page load is complete, remove the line.

—>


Comments

Indorama plans PET plant in U.S.

By Frank Esposito
Senior Staff Reporter

Published: November 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Tooling Technology has new private equity owner

July 25, 2014 11:55 am ET

New York private equity firm GenNx360 Capital Partners has partnered with management to buy Tooling Technology Holdings LLC, a diversified Ohio-based ...    More

Image

Report: biodegradeable plastics use in Europe to grow 12 percent

July 25, 2014 10:25 am ET

The biodegradable plastics market in Europe is forecast to witness 12 percent compound growth during 2014-19, according to TechSci Research's...    More

Image

Prices trending up for some recycled resins

July 24, 2014 1:27 pm ET

Plastics News is correcting prices for recycled grades of several commodity resins on this week's resin pricing chart.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

US Bioplastics receives funding to bring Gatoresin to the market

July 24, 2014 1:44 pm ET

Materials maker U.S. Bioplastics is hoping its Gatoresin product will take a bite out of the bioplastics market, thanks to funding from a state agency...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events