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Leading polyester producer – Indorama Ventures PCL expands capacity in Turkey

Posted on : 17 Feb, 2015

 

Indorama Ventures PCL, Thailand's leading polyester producer, is all set to acquire Turkey's Polyplex Resins Sanayi ve Ticaret A.S. from Polyplex Europa Polyester Film.

The acquisition will further boost Indorama's PET portfolio in Turkey. Indorama, currently, has an annual PET production capacity of 130,000 tonnes in the country. With the new acquisition, it's annual production will reach 382,000 tonnes, making it number one in Turkey and the Southeast Europe region.

It is mentioned that Polyplex Resins, part of Polyplex (Thailand) PCL, owns a new PET plant with a planned capacity of 252,000 tonnes per annum. The plant is located near Istanbul.

The demand for PET in Turkey is growing at around 6% per annum and it is one the fastest emerging market of Europe and OECD.

The new acquisition will help Indorama to capture this demand. The company has been vying capacity expansion in the region since 2011.

Although the amount spent on the acquisition is not disclosed, the transaction is expected to be completed in the first quarter of 2015.

More on Turkey's polyester trade will be discussed at CMT's Polyester Innovations on 9-10 June, 2015 in Istanbul.

 

Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.

 

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