Statistics show that Indonesia's consumption level is only 1 kg by 2015, but demand for PET in Indonesia will reach 379,000 tonnes in 2017, up 13 percent from a year earlier, and more than one PET resin manufacturer in Indonesia is working to expand its production capacity to meet Growing demand.
Indonesia's growth potential is expected to grow at an average annual rate of 10%. Indonesia's domestic PET industry is comprised of three companies, the largest producer of which is Thailand's Indorama Group -PT Indorama Indonesia and the other two producers, Mitsui Chemistry, Toray and Mitsui Properties PT Petnesia Resindo (PNR) and PT Mitsubishi Chemical Indonesia.
The Indonesian PET industry has been struggling since the impact of a large number of low-priced imported PET goods since 2012. Last year, the Indonesian government began to impose an anti-dumping duty on PET for China, South Korea, Malaysia and other countries. The results of the survey are expected to be released in November and are expected to bring the domestic market in Indonesia to a healthy development. Based on the current market outlook, PNR is considering adding thousands of tons of capacity to existing 80,000 tonne / Chemical Indonesia is also considering an increase of about 10,000 tons / year production capacity. This year, three PET companies in Indonesia is expected to produce 397,000 tons, the basic balance between supply and demand, but if the Indonesian domestic market continues to maintain double-digit annual growth rate, even if the above The expansion of the two Japanese companies is not enough to meet their domestic demand.Therefore, Indorama Group is likely to carry out new large investment projects in Indonesia.