Indorama Ventures PTA division is a world scale manufacturer of PTA with a total production capacity of 2.3 million tons per year.
Our PTA division manufactures purified terephthalic acid (PTA), a key raw material in the production of PET and polyester fiber, of which approximately 50% is used captively and the rest marketed to external customers worldwide.
Our growth philosophy for the PTA division is the strategic acquisition of quality and fit-for-purpose assets while also providing complementary support for our downstream PET and Polyester businesses. We entered the PTA business in 2008 with the acquisition of Eastman’s PTA plant in the Netherlands, Indorama Petrochem facility in Thailand, and the majority stake in TPT Petrochemicals Ltd in Thailand.
As a result of changing industry dynamics, we believe that our proactive approach towards vertical integration will result in high operating rates, cost savings through co-location and raw material security.