Corpus Christi Polymers JV cleared to buy $1.1B PET plant
The Federal Trade Commission cleared Corpus Christi Polymers LLC, a joint venture of Alpek, Indorama Ventures and Far Eastern New Century, to acquire a $1.1 billion plastic material production plant in Corpus Christi, Texas, as part of a settlement resolving antitrust concerns.
Capacity
1.1 million metric tons PET and 1.3 million metric tons PTA per year
Productspolyethylene terephthalate (PET) resin
“The Federal Trade Commission has cleared Corpus Christi Polymers (CCP) LLC’s proposed $1.1 billion acquisition of a plastic material production plant.”news.bloomberglaw.com
- 4 sources
- news.bloomberglaw.comPlastic Polymer JV Gets FTC Nod for $1.1B Facility BuyAlexei AlexisDec 21, 2018
- alpek.comAlpek joint-venture, CC Polymers, has completed the acquisition of the Corpus Christi Project | AlpekAleDec 28, 2018
- bicmagazine.comAlpek joint-venture acquires Corpus Christi Project for $1.199B - BIC MagazineJan 4, 2019
- hydrocarbonengineering.comAlpek JV acquires Corpus Christi PTA-PET plant | Hydrocarbon EngineeringAlex HithersayJan 4, 2019
Summarized from public sources; check the original articles before acting on it.
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