Wankai New Materials to build $300M PET resin plant in Cilegon, Indonesia

Chinese PET plastic manufacturer Wankai New Materials, a subsidiary of Zhink Group, pledged to establish a PET resin factory in Cilegon, Indonesia, with an initial investment of $300 million. The facility will have an annual production capacity of 750,000 tons and will be built in three phases in partnership with Ineos Aromatics Indonesia.

“Chinese polyethylene terephthalate or PET plastic manufacturer Wankai New Materials has pledged to establish a factory in Banten's industrial city of Cilegon.”asia-pacific-solidarity.net

• 1 source
• asia-pacific-solidarity.netAPSN | Chinese PET plastic manufacturer to set up factory in CilegonJan 3, 2025

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