PETpla.net Insider 09 / 2018

7 NEWS PET planet Insider Vol. 19 No. 09/18 www.petpla.net PTT Global Chemical, TOC Glycol and Mitsui Chemicals sign JV in Thailand PTT Global Chemical PLC (GC) together with TOC Glycol Co., Ltd. (TOCGC), a subsidiary of GC Group, announced the signing of joint venture agreements with Mitsui Chemi- cals Inc. (MCI), to cooperate in managing Siam Mitsui PTA Co., Ltd. (SMPC), a PTA producer, and Thai PET Resin Co., Ltd. (TPRC), a PET producer. GC and TOCGC will hold 74% of the shares in SMPC and TPRC, while Mitsui Chemicals will hold 26%. Under the joint venture, GC will supply the feedstock Paraxylene (PX), a key raw material for PTA, and TOCGC will supply Mono Ethylene Glycol (MEG), a key raw material for PET. MCI will provide technology know-how, technical support as well as the marketing and sales network. GC, the chemical flagship of the PTT Group, operates in eight areas of businesses. It has a combined chemical and petrochemical capacity of 10.2mt/a and a crude oil and condensate distillation capacity of 280,000 barrels per day. PTTGC is expanding its business into performance and speciality chemicals. MCI is one of the leading petrochemical companies in Japan as well as globally, with turnover of approximately 1,329 billion Yen in 2017 with approximately 17,277 employees. MCI maximises the group’s strengths by focusing on a truly global platform and diverse human resources and a techno- logical progress to produce material to meet customer needs including creating high-value-added products and services. www.pttgcgroup.com With Sacmi, the beverage specialists are always at your side. With our unbeatable technological know-how and continuous research we are creating new containers and closures designed to ensure outstanding performance. The new IPS injection system for preforms, the CCM compression press for caps and the quality control systems fully designed and built by Sacmi, allows for large-scale production with considerable advantages in terms of efficiency and flexibility. The outcome? Reduced plastic volumes, less energy consumption and lower running costs.All in a bottle: the one you’ll soon be making. SAVE THE DATE http://www.sacmi.com/en-US/Events/Packaging From left: Patiparn Sukorndhaman, Chairman of the Board of Directors of TOC Glycol Co., Ltd.; Mr Supattanapong Pun- meechaow, President and CEO of PTT Global Chemical PLC (GC); and Mr Tsutomu Tannowa; President and CEO, Mitsui Chemicals Inc.; were on hand to sign the JV agreements.