Reliance Industries Plans to Acquire PTA Plant in Malaysia from BP - Deal Analysis New Report
Reliance Industries Limited (RIL), an Indian conglomerate active in the petroleum, petrochemical, textile and retail sectors, is planning to buy a Purified Terephthalic Acid (PTA) plant in Kuantan, Malaysia from BP p.l.c., a leading international oil, gas and petrochemical company. PTA is a raw material used in the production of polyethylene terephthalate fiber (polyester fiber) and Reliance is the world’s largest producer of polyester fiber. Around 80% of Reliance’s total polyester production capacity is situated in India and is characterized...
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