Mexico’s ALFA completes purchase of three South Carolina plants from Eastman Chemical Co

02-Feb-11

Mexican industrial conglomerate ALFA, S.A.B. de C.V. has completed purchase of 3 South Carolina petrochemical plants from Eastman Chemical Company for about US$600 mln. One of the plants produces PTA and the other two produce PET with an annual capacity of 1.27 mln tons. As per the agreement, ALFA's DAK Americas, LLC unit also gets the intellectual property of Eastman's integrated polyethylene terephthalate (PET) and purified terephthalic acid (PTA) business, as well as access to the existing customer base.