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Aug 14, 2018ACQUISITIONThailand, Thailand PTTGC to acquire 74% stake in Siam Mitsui PTA and Thai PET Resin for $125M
PTT Global Chemical has agreed to acquire a 74% stake in PTA producer Siam Mitsui PTA and PET producer Thai PET Resin for a total of USD 125 million. The transaction is expected to complete by Q4 2018.
Productspurified terephthalic acidpolyethylene terephthalate resin
“The acquisition is an important step for PTTGC's to expand the downstream investment and increase market potential in polymer business direction.”commoplast.com
- 3 sources
- commoplast.comCommoPlast | Article - Thailand's PTT expanded to PTA/PET business through acquisitionAug 14, 2018
- commoplast.comCommoPlast | Article - Thailand's PTT expanded to PTA/PET business through acquisitionAug 14, 2018
- plasticsandrubberasia.cnM&As PTTGC buys stakes in Siam Mitsui and Thai PET Resin; Rogers acquires PU solutions provider Griswold | PRA-Plastics and Rubber Asia China Industry NewsPRASep 11, 2018
Summarized from public sources; check the original articles before acting on it.
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