Thailand-based polyester producer Indorama Ventures PCL (IVL) recently added 100,800 metric tons of
polyethylene terephthalate (PET) capacity with the acquisition of Indonesia-based PT Polypet
Karyapersada’s PET assets. The new PET capacity is located in West Java adjacent to PT Indorama
Petrochemicals’ PTA assets, which IVL acquired last year.
“The acquisition of PT Polypet Karyapersada creates synergies due to it being co-sited with
our PTA plant PT Indorama Petrochemicals in Indonesia, making it a strategic investment in the most
populous country in ASEAN,” said Aloke Lohia, Group CEO, Indorama Ventures. “The Polypet deal will
allow us to keep pace with and serve the growth of our major customers in the country.”