Purified Terephthalic Acid (PTA), the raw material for various polyester products, is one of the core businesses of MCC. MCC, backed-up with the most advanced technology in the world, has PTA plants in Japan, Korea and Indonesia. Over the years, as a major player, it has consolidated its status as a leader in the global PTA market. Since India had been one of the most attractive and potential markets for the polyester products in 1990s, MCC initially tried to establish its foothold in the Indian PTA market through export from its bases in the other countries.
Following the growth of the PTA market in India and to cater to the needs of the customers directly, MCC intended to establish a PTA plant in India and Haldia, West Bengal was selected as the best location for such plant, in view of several advantages like :