Toray to sell its 47.1% stake in PT. Petnesia Resindo to PT. Pioneer Polyindo Complex

Toray Industries decided to transfer all of its 47.1% shares in Indonesia-based PT. Petnesia Resindo, a polyethylene terephthalate manufacturer, to PT. Pioneer Polyindo Complex. The sale is scheduled to be completed in December 2026.

“The transaction is part of Toray’s efforts to enhance capital efficiency and corporate value by optimally allocating management resources from a best-owner perspective.”hydrocarbonprocessing.com

• 1 source
• hydrocarbonprocessing.comToray to sell shares in polyethylene manufacturer Pt. Petnesia ResindoSep 23, 2026

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