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· Chemical Engineering Online
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Toray Industries (Tokyo) has agreed to transfer its entire 47.1% stake in Indonesia-based PT. Petnesia Resindo (PNR), a polyethylene terephthalate (PET) manufacturer, to PT. Pioneer Polyindo Complex under a share-transfer agreement, with completion planned per the company’s schedule.

What impact do you think this divestment will have on Indonesia’s PET market and on Toray’s strategy in Southeast Asia?

Toray to sell stakes in Indonesia-based polyethylene terephthalate manufacturer

This article was originally posted on Chemical Engineering.
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Toray Industries, Inc. (Tokyo) announced that it has decided to transfer all of its shares in Indonesia-based PT. PETNESIA RESINDO (PNR), which manufactures and sells polyethylene terephthalate, to PT. Pioneer Polyindo Complex of Indonesia, and has entered into a share transfer agreement. The Toray Group holds a 47.1% stake in PNR. The sale is scheduled […]

The post Toray to sell stakes in Indonesia-based polyethylene terephthalate manufacturer appeared first on Chemical Engineering.

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