Indorama Ventures, Far Eastern Investment and Alpek acquire M&G's PET/PTA plant in Texas

Indorama Ventures, Far Eastern Investment and Alpek set up a JV called CC Polymers to acquire M&G's integrated PET/PTA assets in Corpus Christi, Texas for US$1.125 billion. Each partner will invest around US$375 million for one-third offtake. The plant has annual capacity of 1.1 million MT of PET and 1.3 million MT of PTA.

“Indorama Ventures has set up a new JV called CC Polymers along with Far Eastern Investment and Alpek to acquire M&G's integrated PET/PTA assets in the USA for US$ 1.125 billion.”packagingsouthasia.com

• 1 source
• packagingsouthasia.comIndorama to get PET/PTA plant - Packaging South AsiaS ChidambarMar 25, 2018

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