Tuntex arranges funds
22 January 1996 00:00 [Source: ACN]
Tuntex Thailand is negotiating with International Finance Corp (IFC) to finance the expansion of its 350 000 tonne/year PTA capacity at Mab Ta Phut to 900 000 tonne/year by the end of 1999, ACN was told at the opening of the plant last week. IFC arranged financing for and holds more than 20% share in the first plant. Paraxylene supply for the added capacity has not been secured, but the first plant will take 250 000 tonne/year from The Aromatics Co (TAC).
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