Indorama to gain from Thai and European acquisitions as Asian PTA markets begin to recover after 2 years

Indorama Ventures Ltd (IVL) expects to gain from its acquisitions completed last year in Thailand and Europe, coupled with commencement of recovery in purified terephthalic acid (PTA) in Asia after a two year long downcycle. The 710,000 tpa Indorama Petrochemicals Ltd., the 550,000 tpa TPT Petrochemicals Plc. In Thailand and a PTA facility in Europe have been Indorama’s acquisitions in 2008-09. These acquisitions add a total of 1.6 mln ton PTA capacity to the company’s product offering. Deviating from its original business of PET (polyethylene terephthalate), Indorama decided to shift focus to a more vertically integrated model, triggering a move to PTA. This move will ensure a stable and steady supply of PTA- a feedstock for PET.
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