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Thailand’s Indorama finalizes purchase of Bangkok Polyester

by ChemOrbis Editorial Team -
  • 11/05/2015 (16:29)
According to media reports, Thailand’s Indorama has finalized its acquisition of Bangkok Polyester Public Company Limited (BPC). Via the acquisition, Indorama has reportedly increased its share in Thailand’s PET market to 58% from 43%. BPC reportedly has a production capacity of 105,000 tons/year of PET.

Indorama’s CEO Aloke Lohia reportedly said that the latest acquisition will enable them to improve their ties with customers both in Thailand and Japan as Bangkok Polyester is a leading PET exporter to Japan, which benefits from zero import duties from Thailand.
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