Asia Pacific Upgrade its Machine and Production Technology

Asia Pacific Fibers, Tbk (POLY:IJ) plan to used its USD7Mn capital expenditure, with the majority for upgrading the machine and production technology. In addition, company is also planning to revive the production of purified terephthalic acid (PTA). To revive the PTA mill needed funds around USD30Mn to USD40Mn. However, if a restructuring of debt next year can be obtained,To subscribe please click here