# 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.

- Type: Acquisition
- Announced: 2026-09-23
- Where: Indonesia, Indonesia
- Status: announced
- Products: polyethylene terephthalate
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Toray Industries](https://endata.com/companies/4565.md) (partner)
- [PT. Petnesia Resindo](https://endata.com/companies/94271.md) (target)
- [PT. Pioneer Polyindo Complex](https://endata.com/companies/94272.md) (acquirer)

## Sources

- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2026/09/toray-to-sell-shares-in-polyethylene-manufacturer-pt-petnesia-resindo/), 2026-09-23: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.