Thai chemical giant Indorama weighs US project restart amid Trump tariffs
BANGKOK -- Thailand's Indorama Ventures, the world's top producer of the stuff PET bottles are made of, is looking to resume the construction of a halted U.S. factory worth more than $2 billion as it seeks to benefit from President Donald Trump's new tariff policy, its chief executive said.
The company currently produces polyethylene terephthalate -- which besides holding convenience store beverages is used in consumer goods like clothing -- and additional plastic materials in Thailand, China, the U.S., Germany and 27 other countries. The U.S. and the rest of the Americas are key markets, accounting for $7.7 billion of the company's $15.54 billion in total revenue for 2024, according to Indorama.
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