EXIM Thailand to finance new PET plant in Indonesia
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release, the Export-Import Bank of Thailand (EXIM Thailand) has signed a financial facility agreement with Polyplex Films Indonesia for the construction of a new PET film plant in Indonesia.
The $55 million credit facility is expected to support the company’s investment in a new plant in Indonesia with a production capacity of 44,000 tons/year. The new plant will meet greater demand for PET film in ASEAN markets and the output will also be exported to other destinations including South Korea, the US, and the EU.
The new plant will be the company’s sixth plant in addition to the existing five plants in India, the US, Turkey, and Thailand with a combined PET film production capacity of 214,800 tons/year.
The $55 million credit facility is expected to support the company’s investment in a new plant in Indonesia with a production capacity of 44,000 tons/year. The new plant will meet greater demand for PET film in ASEAN markets and the output will also be exported to other destinations including South Korea, the US, and the EU.
The new plant will be the company’s sixth plant in addition to the existing five plants in India, the US, Turkey, and Thailand with a combined PET film production capacity of 214,800 tons/year.
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