APG Polytech USA Holdings, Inc.

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.