Far Eastern New Century snaps up PET plant in US
08/02/2018
The company said the plant has an annual capacity of 360,000 tonnes. It was previously owned by M&G Polymers, which has filed for bankruptcy protection. Production at the facility stopped in September 2017.
The transaction also includes a research centre in Ohio.
The PET facility in West Virginia would be FENC’s first in the US. It already has PET production plants in Taiwan and China, with a further plant in Vietnam expected to begin production in June.
Image shows FENC's exhibitor stand at the 2017 Taipei Innovative Textile Application Show (credit: WTP).
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