Taiwanese textile manufacturer and US giant DuPont are co-operating in a joint venture to produce purified terephthalic acid (PTA) and polyester staple fibre in mainland China.

Two joint venture companies are to be set up, DuPont - Far Eastern Co Ltd and DuPont Far Eastern Petrochemicals Ltd.

The project is still very much in the planning stage, with specifics such as investment figure, planned production capacity and stake ratios still to be worked out.

Plans are also afoot to set up joint venture PTA factories in Southeast Asia.

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