Reliance Confirms Plans to Build PET Plant in the U.S.

Reliance Industries has confirmed reports that it will build a 200,000-m.t./year polyethylene terephthalate (PET) bottle resin plant at Kinston, NC, following the purchase of Unifi’s idled polyester manufacturing facility there for $12.2 million (CW, June 30, p. 6). Reliance announced last month that it would invest $215 million at the facility over five years and that its plans include building a PET...

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