Home / Knowledge / News / Textiles / La Seda de Barcelona to build PTA plant in Portugal
La Seda de Barcelona to build PTA plant in Portugal
21
Mar '08
The Prime Minister of the Portuguese Government, José Sócrates, and the President of LA SEDA DE BARCELONA, Rafael Español, have set off today – laying of the first stone – an investment of 400 million euros aimed at building a PTA plant in Sines' petrochemical industrial park (Portugal).

The new production plant, which will be joining Seda Group as Artenius Sines, was formerly considered as a Project of National Interest by the executive Portuguese board; who is also contributing with a total of up to 99 million euros by means of direct subsidies funding and tax benefits. The aid has the approval of the European Commission.

Artenius Sines, which will begin its commercial operation during the first quarter of 2010, will have a PTA production capacity up to 700,000 tonnes per annum. With such capabilities, it places itself as one of the largest production plants in the world. During his speech, the president of La Seda de Barcelona pointed that "Not only is this industrial site strategic for Portugal but also for Europe, as it will cover the deficit of PTA in Europe which, at present, imports about 400,000 tonnes of the product from Asia”.

From its new subsidiary, La Seda de Barcelona will be generating 150 direct new jobs and 200 indirect ones, besides a remarkable increase of the local adtivity during the first couple of years while the infrastructure works take place. Artenius Sines means a fundamental contribution to the regional development of the Alentejo coastal area and to the revitalization of the Sines Port.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search