CTCI Enters a Strategic Cooperation Agreement with INVISTA to Augment PTA Business Opportunities

Taipei, TAIWAN – CTCI and INVISTA, a leading licensor of process technologies, have entered a Strategic Cooperation Framework Agreement for strategic collaboration on possible PTA projects in the world markets. Both Parties have agreed to work closely in pursuit of PTA licensing opportunities and believe that the synergies created between CTCI’s engineering services and INVISTA’s depth of experience in technology will be a win-win for both.

CTCI has been in close cooperation with INVISTA in Taiwan and China for decades, and would like to expand the successful experience into new areas of the world. “With INVISTA’s connection with clients in the polyester value chain, CTCI could have early involvement during client’s project development stage, which will bring more opportunities to provide CTCI’s reliable engineering service to clients,” said M.H. Wang, Deputy CEO of CTCI Group Engineering Business.

Mr. Mike Pickens, President, INVISTA Performance Technologies, commented, “Over the past several years, we have been working closely with CTCI to execute major capital investments in PTA. The signature of this strategic cooperation framework agreement is another milestone in our evolving relationship. I look forward to a strong collaboration of both parties in creating long term value in the PTA industry worldwide.”

According to 2017 industrial trend research, PTA demand is projected to grow globally at approximately 4%/year which would drive capacity addition averaging 3MM tpa/year. Both Parties believe the alliance will not only add value for potential customers, but also help capture the PTA opportunities in the coming years.