OBSERVATION'S |
Notes that PTA industry was largely protected under PATENTS until the late 1980s & then limited by scarce plant design & operational know-how. Conditions began to change during last half of the 1990s, when technology became available & new capacity proliferated in Asia. “[The industry] saw many more producers & more back integration,” “Even the leading merchant suppliers will not enjoy the margins they did before” |
UPDATE | 09.01 |
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