“With regards to PTA, the key feedstock for polyester, we will continue to strengthen our position by owning and/or co-locating to strategic assets.
Indorama currently has a 700,000 tonnes PTA facility in Rayong, Thailand and will soon add the previously announced Eastman's 340,000 tonnes PTA plant in Rotterdam, Netherlands. In addition, the acquisition of Tuntex (Thailand) PCL includes a minority interest in Thailand's first PTA producer - Tuntex Petrochemicals PCL which has a capacity of 550,000 tonnes.”
Lohia added, “we are convinced that in commodity industry, not only do we need scale, we have to integrate into feedstocks to create sustainable competitive advantages and Indorama Thailand is clearly headed towards this.
At Indorama Thailand, we have a history of following through on our commitments," Lohia said. "We have great confidence that the priorities announced will support Indorama's sustained success and we look forward to maintaining the track record we have established.”
Indorama Polymers Public Company Limited
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