# Indorama Ventures enters joint venture to acquire M&G's PTA-PET plant in Corpus Christi

Corpus Christi Polymers LLC, a joint venture of Alpek, Indorama Ventures and Far Eastern Investment, agreed to acquire M&G USA Corp.'s integrated PTA-PET plant under construction in Corpus Christi, Texas, for $1.125 billion. The plant will have nominal capacity of 1.1 million metric tons of PET and 1.3 million metric tons of PTA per year.

- Type: Acquisition
- Announced: 2018-03-21
- Where: Corpus Christi, Texas, United States
- Value: $1.13B
- Status: announced
- Capacity: 1.1 million metric tons PET per year, 1.3 million metric tons PTA per year
- Products: PET, PTA
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Alpek](https://endata.com/companies/4456.md) (partner)
- [M&G USA Corp](https://endata.com/companies/4676.md) (target)
- [Far Eastern Investment](https://endata.com/companies/30855.md) (partner)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/182/indorama-ventures-enters-into-a-joint-venture-to-acquire-the-integrated-pta-pet-assets-in-corpus-christi-texas-usa), 2018-03-21: "The Corpus Christi Project is an integrated PTA-PET plant currently under development that, when completed, will have nominal capacity of 1.1 million and 1.3 million metric tons per year of PET and PTA, respectively."

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