Indorama completes acquisition of Polypet PET plant in Indonesia
Indorama has completed the acquisition of Cilegon-based Polypet Karyapersada, an Indonesian PET producer, after signing the deal in March 2026. The new capacity will be co-located with Indorama's existing PET and PTA facilities in the country.
Why this mattersAdds PET resin capacity in Southeast Asia for Indorama, a key upstream supplier to beverage and packaging converters in the region.
- Indorama announced in March 2026 that it had signed an agreement to acquire Polypet Karyapersada.
- Polypet is based in Ciwandan, Cilegon, Indonesia.
- The acquisition has now been completed.
- The acquired capacity is co-located with Indorama's existing PET and PTA facilities in Indonesia.
Sources
pieweb.plasteurope.com