Abstract
Corpus Christi Polymers, a polyester joint venture of Indorama Ventures, Alpek, and Far Eastern Investment, is putting construction of its Texas plant on hold. The partners paid $1.1 billion for the facility, then under construction, a little more than a year ago, during the bankruptcy of M&G Chemicals. They now say construction costs are higher than originally estimated because of rising labor costs on the Gulf Coast. The companies anticipate completing the project in 2023.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.