The Board of Directors of Indorama Ventures PCL at their meeting dated November 14, 2012, has approved to expand the PET polymers production capacity in the USA by setting up a new plant with a capacity of 540,000 tonnes per year. This expansion, which is expected to be completed in Q4 2015 will take IVL’s total capacity in North America of PET Polymers up to 2,100,000 tonnes per annum. The plant will take advantage of expected growth in North America while maintaining a low cost structure and will therefore be accretive to the bottom line.
With respect to the announced PET expansion at its Polish site, the Board has decided to carry out a significant debottlenecking instead of setting up a new line as it would be more value accretive.
