Someone's bullish on U.S. resin manufacturing

Thailand's Indorama Polymers plc expects a 15 percent jump in sales this year thanks to its new PET plant, which is scheduled to start running in the second quarter. According to this story in the Bangkok Post, chief executive Dilip Kumar Agarwal said the AlphaPet Inc. plant in Alabama will benefit from growing demand for PET resin. The company expects its profit margin to improve this year, thanks to lower oil, utilities and logistics costs. "The downside risks are very limited and we don't foresee any big issue coming up," Agarwal said.