Thailand’s Indorama to assess future of PTA, PET plants in Netherlands
by ChemOrbis Editorial Team - content@chemorbis.com
Indorama Ventures’ Combined PET segment will assess the possible future of production at the company’s PTA and PET plants in Rotterdam, Netherlands, a press release on the company’s website revealed. This step follows the company’s announcement of a shift in business strategy back in March.
The assessment follows a thorough review aimed at improving the site’s competitiveness, amid challenges such as rising labor, raw material, and energy costs, as well as competition from low-cost imports.
“The challenging macroeconomic environment, coupled with escalating geopolitical tensions and inflationary pressures, underscores the imperative for businesses to navigate wisely,” said President of Indorama Ventures’ Combined PET Business Segment Mr. DK Agarwal.
The assessment follows a thorough review aimed at improving the site’s competitiveness, amid challenges such as rising labor, raw material, and energy costs, as well as competition from low-cost imports.
“The challenging macroeconomic environment, coupled with escalating geopolitical tensions and inflationary pressures, underscores the imperative for businesses to navigate wisely,” said President of Indorama Ventures’ Combined PET Business Segment Mr. DK Agarwal.
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