Indorama plans three new fibre plants in Thailand, Indonesia

10 August 2011 18:00  [Source: ICIS news]

LONDON (ICIS)--Bangkok-listed Indorama Ventures plans to build three new fibre plants in Thailand and Indonesia by the end of 2012, the company announced on Wednesday.

Indorama will build a 28,000 tonne/year recycled polyethylene terepthalate (PET) plant and a 16,000 tonne/year bi-component fibre plant in Thailand, the company said, while it also plans to build a 16,000 tonne/year bi-component fibre plant in Indonesia.

The first facility will be built in Nakhon Pathom province, near Bangkok. It will process 36,000 tonnes/year of discarded bottles to produce 28,000 tonnes/year of recycled PET, Indorama said. It is scheduled for completion and startup during the fourth quarter of 2012.

The second scheme covers the construction of a custom bi-component yarn facility at Rayong on Thailand’s eastern seaboard. This plant will use technology obtained through a tie-up with Japan’s Toyobo and is scheduled for completion by the end of the second quarter of 2012.

A more tentative plan is the Indonesia bi-component yarn plant. Indorama plans to build this plant at its production complex at Tangerang, 20 kilometres west of Djakarta. It will use technology acquired during the buy-out of the local SK Teris for this plant.

Indorama did not give a cost estimate for the construction of the plants, but said that it is committed to spending a total of $85m (€59.5m) on new investments in Thailand and Indonesia by 2012.

($1 = €0.70)

By: Peter Salisbury
+44 20 8652 3214

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