RPTL’s associate company acquires BPCM’s 100% equity in PTA production

Reliance Ports and Terminals’ (RPTL) associate company - Reliance Global Holdings, has acquired BPCM’s 100% equity in purified terephthalic acid (PTA) production. RPTL operates as a subsidiary of Reliance Industries (RIL).

The company is anticipating that the Kuantan PTA plant of BP Chemicals (Malaysia) Sdn Bhd (BPCM) will continue to supply PTA to Reoron (Malaysia) Sdn Bhd after the acquisition.

Earlier in 2007, RIL had acquired Recron (Malaysia) Sdn Bhd and has been operating it since then. BPCM has been the largest supplier of purified terephthalic acid (PTA) to this facility.