H. Ö. Sabanci Holding's subsidiary Advansa BV (Advansa)'s PET, PTA and Preform businesses currently operating in the UK, Turkey and Romania are to be acquired by and La Seda de Barcelona, S.A. (LSB). Completion of the deal is subject to necessary regulatory approvals and is expected to be in place by 1st October 2006. This acquisition will further strengthen LSB's cost position by adding PTA to its portfolio as well as extending its value chain participation.
With the acquisition of Advansa's PET plants in UK and Turkey (having combined capacity of 280,000 tpa) LSB's total PET capacity will increase to 800,000 tpa, making it the largest producer in the European region with the broadest market coverage. It will also enhance LSB's backward integration by adding 670,000 tpa of PTA capacity in Wilton UK.
31-Jul-06 
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