# 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.

- Type: New facility
- Announced: 2025-01-03
- Where: Cilegon, Banten, Indonesia
- Value: $300.0M
- Status: announced
- Capacity: 750,000 tons per year
- Products: PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wankai New Materials](https://endata.com/companies/74260.md)
- [Zhink Group](https://endata.com/companies/82099.md) (investor)
- [Ineos Aromatics Indonesia](https://endata.com/companies/82100.md) (partner)

## Sources

- [asia-pacific-solidarity.net](https://www.asia-pacific-solidarity.net/news/2025-01-03/chinese-pet-plastic-manufacturer-set-factory-cilegon.html), 2025-01-03: "Chinese polyethylene terephthalate or PET plastic manufacturer Wankai New Materials has pledged to establish a factory in Banten's industrial city of Cilegon."

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