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  • Thai plastic producer acquires rival

    Indorama

    Thai plastic producer acquires rival

    YUKAKO ONO, Nikkei staff writer
    March 18, 2015

    BANGKOK -- Thailand's Indorama Ventures, which makes the resin plastic bottles are made of, will acquire a 94.91% stake of rival Bangkok Polyester for an undisclosed amount, Indorama Ventures said in a statement Wednesday.

    The maker of polyethylene terephthalate resin will buy the shares from Bangkok Cable, an electric wire and cable manufacturer that is Bangkok Polyester's majority shareholder. The transaction is to be completed in the second quarter of 2015, after regulatory approval.

    Bangkok Polyester has a polyethylene terephthalate polymer plant in the eastern province of Rayong that has an annual capacity of 105,000 tons.

    Polyethylene terephthalate accounts for 59% of Indorama's revenue, fibers--mainly polyester fibers--account for 29% and feedstock for 12%.

    In a February statement, Indorama said it is pursuing four potential acquisitions. These along with two previously announced acquisitions to be completed during the current quarter would increase Indorama's 2015 production volume by 1.9 million tons, or 25%.

    In 2014, the company's production volume was 6.2 million tons, 8% more than the previous year, thanks to additional volume from two acquisitions that were completed in the second quarter of the year.

    asia.nikkei.com
    http://thailandchatter.com/showthrea...ll=1#post45112

  • #2
    Does Thailand have a Monopolies Commission? Oh no wait they have the Thailand Tobacco Monopoly, which is a landmark in Bangkok.

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    • #3
      Thai operator plans revamp, restart of idled Louisiana ethylene crackerIndorama Ventures Public Co. Ltd.shale gas revolution ahead of proposed greenfield cracker projects, according to Lohia.

      Local competition

      In Louisiana alone, a few grassroots ethyleneOGJ Online, Sept. 4, 2015).

      To be developed in two phases, the complex also would include downstream plants for production of polyethylene as well as customized outputs of low and high-density polyethylene, ethylene glycol, polypropylene, and other derivatives.

      Should FPC proceed with the project, construction and development on Phase 1 would begin next year and wrap in 2022.

      FPC is scheduled to take final investment decision on the proposed project by mid-2016.

      Earlier this year, Shintech Inc., the US subsidiary of Shin-Etsu Chemical Co. Ltd., Tokyo, said it will build a $1.4-billion ethylene plant on land the company already owns in Plaquemine (OGJ Online, Apr. 23, 2015; Apr. 16, 2014OGJ Online, Sept. 3, 2015; Feb. 11, 2014OGJ Online, Dec. 20, 2013OGJ Online, Mar. 9, 2015; Dec. 23, 2014
      http://thailandchatter.com/showthrea...ll=1#post45112

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