Corpus Christi Polymers acquires PTA-PET facility from M&G Chemicals

A joint venture of Indorama Ventures, DAK Americas (Alpek), and APG Polytech (Far Eastern New Century) acquired a PTA-PET production facility in Corpus Christi, Texas, from M&G Chemicals through a bankruptcy auction. The plant, under construction, will have capacity of 1.3 million metric tons of PTA and 1.1 million metric tons of PET per year.

“The completed plant will be the largest vertically integrated PTA-PET production facility of its kind anywhere in the world.”lowenstein.com

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• lowenstein.comAcquisition Led by Nicholas San Filippo Receives Large Market Deal of the Year Award | Lowenstein Sandler LLPPROFESSIONALS, LawyersMay 1, 2019

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