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Pic: Indorama Ventures Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), will spend up to ₹6 billion ($82 million) upgrading equipment and adding capacity at its manufacturing site in Nagpur, India. IVL operates all three of its business segments – Combined PET, Fibers, and IOD – in India.
The capital expenditure plan includes a new PET resin manufacturing facility, additional balancing equipment, and a large range of specialty yarns, further strengthening IRSL’s ability to serve clients across the country, the Thailand-headquartered IVL said in a press release.
IVL has continually developed its PET resin business in India since 2016 through IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), a joint venture with Dhunseri Ventures Limited.
(Page 1) Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Ltd. (IVL; Bangkok, Thailand), will spend up
India may impose anti-dumping duty on Chinese PET Resin
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“The Authority recommends imposition of anti-dumping duty equal to the lesser of margin of dumping and the margin of injury so as to remove the injury to the domestic industry,” DGTR said in a notification.
As per the notification, the petitioners said that India is the single largest market for Chinese exporters and the share of exports to India in the total exports from China increased to 10% in April-June, 2019 from 5% in April-September, 2018.
New Delhi: India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and