Artlant PTA is new name for Artenius Sines

08 February 2011 12:34  [Source: ICIS news]

LONDON (ICIS)--Artlant PTA is the new name of Artenius Sines, the Portugal-based purified terephthalate (PTA) producer said on Tuesday.

A 700,000 tonne/year PTA plant being built at Artlant PTA’s site in Sines, Portugal, is due for completion in the fourth quarter of 2011, the company added.

As part of its restructuring, La Seda de Barcelona (LSB) sold 59% of its stake in Artenius Sines to three Portuguese investment funds in September last year.

LSB began building the Sines PTA plant in March 2008 with an initial investment of more than €400m ($541m), including €100m of aid from EU funds.

($1 = €0.74)

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By: Nigel Davis
+44 20 8652 3214

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