# PTT plans to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin

Thai conglomerate PTT plans to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin for €108 million from Mitsui Chemicals and SCG Chemicals, as part of a strategy to forward integrate its subsidiary PTT Global Chemical.

- Type: Acquisition
- Announced: 2018-08-16
- Where: Muang Rayong, Thailand, Thailand
- Value: $124.0M (108.0M EUR)
- Status: announced
- Products: PTA, PET
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SCG Chemicals](https://endata.com/companies/7171.md) (partner)
- [PTT](https://endata.com/companies/8850.md) (acquirer)
- [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

- [ecoplasticsinpackaging.com](https://ecoplasticsinpackaging.com/mergers-acquisitions/thai-conglomerate-targets-pta-pet-acquisition/), 2018-08-16: "Thai conglomerate PTT is planning to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin for €108 million from Mitsui Chemicals (MCI) and SCG Chemicals"

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