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February 2, 2011
2 Min Read
. Mitsui and Teijin tired of fighting for low margins in Japan and merged their PET businesses. Indorama, based in Thailand, in late 2010 acquired Invista's PET assets in North America, Eastman's in Europe in 2007, and also is established in Eastern Europe. Those purchases made it the world's largest PET supplier but now the new kid on the block, Octal, says it has the financial backing to claim that title by 2012.
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