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Indorama converts polyester yarn line to produce PET slices
19
Dec '08
Indorama Ventures Limited in Thailand, has acquired 97 percent equity stake in Tuntex (Thailand) Public Company Limited.

Company sources informed Fibre2fashion.com, that the acquired company has two lines of production for polyester fibres and yarns at the same site which have not been in operation for more than 2 years.

Indorama Ventures Company has started construction work to convert one production line of Tuntex Thailand's to produce polyethylene terephthalate (PET) slices and the second line will continue to make polyester fibers and yarns. The conversion to PET resins of one line is expected to complete in Q3, 2009.

Combined capacity of two production lines is 280,000 tons per annum. The line converted to PET resins will have capacity of 100,000 ton per annum and the second line with capacity of 180,000 ton per annum will continue to produce polyester fibers and yarns. After completion of this project it is anticipated to produce 100,000 mt per year of PET chips.

The Company source further revealed that the PET capacity is expected to start commercially from July 2009. Until then, the plant can continue to produce polyester fibre and yarn, although it will be taken off-line in May or June in order to link the new and the old wing.

Indorama Polymers Public Company Limited is a major producer of PET resins, globally, with plants in Asia, Europe and North America. It will become the second largest global producer of PET resins in the world in year 2009 on completion of its expansions with a capacity of 1.4 million ton per annum.

Fibre2fashion News Desk - India

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