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Thailand’s Indorama acquires Cepsa’s PTA plant in Canada

by ChemOrbis Editorial Team -
  • 23/03/2015 (14:38)
According a press release on the company’s website, Thailand’s Indorama Ventures has signed a share purchase agreement with Spain’s Cepsa in order to acquire a 100% stake in its PTA plant in Montreal, Canada, which is the only PTA manufacturing facility in Canada with an annual production capacity of 600,000 tons/year. The transaction is subject to the usual regulatory approvals and is expected to be completed within the second quarter of 2015.

The company stated that the aforementioned acquisition was in line with their strategy to expand in its core businesses and will provide PTA integration to the company’s existing PET and fibers assets in the region.
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