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Thai IVL to build PTA-PET-PSF plant in India
January 27, 2012 (Thailand)
Indorama Ventures Public Company Limited (IVL), Thailand's largest
Polyester producer, announced its plan during the official visit of
Thailand's Prime Minister Yingluck Shinawatra to India on 25 January,
to construct a world-class, state-of-the-art and integrated facility
in India containing PTA (Purified Terephthalic Acid), PET
(Polyethylene Terephthalate) and PSF (Polyester Staple Fiber) plants
fully-integrated with a third party Paraxylene producer.
A Memorandum of Understanding was signed with Indorama Synthetics
(India) Limited to enter into a joint venture that would construct and
utilize the offtake of the plants.
Mr. Aloke Lohia, Group CEO and founder of Indorama Ventures said,
"India today is a fast-growing market that is demanding attention from
the world's fast moving consumer goods companies, who are our
customers. It is imperative that we are there to serve these customers
and the emerging local producers who will be consuming more and more
PET and PSF over the next decade. We are looking at the long term
double digit growth in demand for such products and feel this is the
right time to move into the market. "
PET is commonly used in food and drinks packaging and is familiar to
all as the bottles from which people consumer water and soft drinks.
PSF is a polyester alternative to natural fibers and allows the
manufacturers of clothing and other soft products to produce low-cost
items ideally suited to a large and growing population. PTA is the
major raw material used in the production of both PET and PSF.
Indorama Ventures plans to backward integrate into the Paraxylene
facility of a third party in order to ensure a captive supply of its
essential raw material while providing low cost access.
The large-scale project is expected to cost around US$700 million.
Details of the capacity and location are expected to be made public
once formal negotiations have been completed.
Indorama Ventures Public Company Limited, listed in Thailand is a
leading producer in the polyester value chain in Thailand with strong
global network and manufacturing across Asia, Europe and North
America. Its products serve major players in diversified end use
markets, including food, beverages, personal and home care, health
care, automotives, textile, and industrial.
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Propylene prices decline, ASF
stable   ,
January 25, 2012
[5] Tosoh continues to operate cracker at low rates,
January 25, 2012
[6] Toyo wins contract for DNCC CPL plant in China,
January 25, 2012
[7] Kornit’s CMYK and
White Ink receive GOTSV3 approval,
January 25, 2012
[8] Prices in polyester value chain continue
stability   ,
January 25, 2012
[9]
More here:
Thailand:Thai IVL to build PTA-PET-PSF plant in India
Links:
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[1] http://news.fibre2fashion.com/
[2] http://www.textileglobal.com/javascript:doGTranslate(\'en|en\')
[3] http://www.textileglobal.com/javascript:doGTranslate(\'en|it\')
[4] http://www.textileglobal.com/javascript:doGTranslate(\'en|es\')
[5] http://www.textileglobal.com/newsdetails.aspx?news_id=107516
[6] http://www.textileglobal.com/newsdetails.aspx?news_id=107517
[7] http://www.textileglobal.com/newsdetails.aspx?news_id=107511
[8] http://www.textileglobal.com/newsdetails.aspx?news_id=107515
[9] http://www.textileglobal.com/newsdetails.aspx?news_id=107514
http://www.textileglobal.com/2012/01/thailandthai-ivl-to-build-pta-pet-psf-plant-in-india.html
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