Tuesday, March 18, 2008

Indorama to invest US$300 mln in global PET expansion

In a bid to become the world's second largest PET producer, Indorama Polymers Plc (IRP) plans to invest US$300 mln to expand capacity globally. Several expansion projects will increase polyethylene terephthalate (PET) capacity to 1.2 mln tons by the end of 2009 from current levels of 603,000 tpa. With this, the company will move up from seventh position and be second only to Italian chemical giant M&G.
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