Interviews
Indorama to acquire Eastman European PET, PTA assets
01 Apr '08
3 min read
Together with Indorama associates in Indonesia and India the total Polyester production will rise to about 2.8 million tonnes in 2010 allowing the group to leverage its scale in all aspects to create customer delight.
“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 Thailand and Eastman's 340,000 tonnes PTA plant in Rotterdam. In addition, 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 the commodity industry, not only do we need scale, we also 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 groups strategy will support Indorama's sustained success and we look forward to maintaining the track record we have established.”
“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 Thailand and Eastman's 340,000 tonnes PTA plant in Rotterdam. In addition, 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 the commodity industry, not only do we need scale, we also 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 groups strategy 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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