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La Seda Sells Portuguese PET Plant

7:29 AM MDT | June 29, 2011 | Natasha Alperowicz

La Seda de Barcelona has agreed to sell its Artenius Portugal polyethylene terephthalate (PET) resins plant to Control PE, SGPS, a unit of Imatosgil and Banco Espirito Santo (Lisbon). The divestment forms part of La Seda de Barcelona’s restructuring plan announced two years ago. The 70,000 m.t./year PET plant is based at Portalegre, Portugal and has not been operating since the end of 2010. It was originally a polyester fiber production facility, which was converted to make PET resins, using batch production technology.   Control PET SGPS will pay La...

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