# 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.

- Type: Acquisition
- Announced: 2018-08-14
- Where: Thailand, Thailand
- Value: $125.0M
- Status: announced
- Products: purified terephthalic acid, polyethylene terephthalate resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PTT Global Chemical](https://endata.com/companies/813.md) (acquirer)
- [SCG Chemicals](https://endata.com/companies/7171.md) (partner)
- [Mitsui Chemicals](https://endata.com/companies/19809.md) (partner)
- [Siam Mitsui PTA](https://endata.com/companies/33737.md) (target)
- [Thai PET Resin](https://endata.com/companies/33738.md) (target)

## Sources

- [commoplast.com](https://commoplast.com/news/details/4752/English/), 2018-08-14: "The acquisition is an important step for PTTGC's to expand the downstream investment and increase market potential in polymer business direction."
- [commoplast.com](https://commoplast.com/news/details/4752/), 2018-08-14: "The acquisition is an important step for PTTGC's to expand the downstream investment and increase market potential in polymer business direction."
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/m-rogers-acquires-pu-solutions-provider-griswold/), 2018-09-11: "The company says the acquisition is in line with its strategy to expand downstream investment and increase market potential in the polymers business."

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