Indorama to acquire Artlant PTA in Portugal
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release on the company’s website, Indorama Ventures is set to acquire the assets of Portugal’s Artlant PTA.
Artlant’s 700,000 tons/year PTA unit was initially built to export up to 95% of its output to foreign markets. However, financial issues led the Portuguese company to declare insolvency with debts amounting to nearly €628 million in August, 2017.
Artlant’s 700,000 tons/year PTA unit was initially built to export up to 95% of its output to foreign markets. However, financial issues led the Portuguese company to declare insolvency with debts amounting to nearly €628 million in August, 2017.
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