With reference to Indorama Group's disclosure to SET on April 07, 2011 on a Brownfield expansion of PET polymers production in Europe by 220,000 tons per year, we would like to inform that the said expansion will be at Indorama Polymers Poland S.p.z.o.o.
The decision has been taken to benefit from economies of scale on our existing site for PET facility and co-site with an existing third party PTA supplier.
The expansion is expected to be completed in 2013 and will take our total capacity in Poland to 360,000 tons per year and in Europe to around 1,300,000 tons per year.
Indorama Ventures Public Company Limited is one of the largest vertically integrated polyester chain producers in the world and a leading global manufacturer of wool yarns.
Indorama Polymers in Europe is representated in Europe by its legal entities UAB Indorama Polymers Europe, UAB Orion Global PET, Ottana polimeri (JV) and Indorama Poland SP. Z O.O.
The European PET manufacturing companies are Orion Global PET in Lithuania, Indorama Polymers Rotterdam BV in the Netherlands, Indorama Polymers Workington Ltd in the UK, Ottana Polimeri on Sardinia Italy and Indorama Poland in Wloklawek Poland.
Indorama Ventures Public Company Limited
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