;
Home / Knowledge / News / Textiles / Salalah to ramp up PET production capacity in two stages
Salalah to ramp up PET production capacity in two stages
22
Apr '08
Octal Holding and Co SAOC will add 500,000 metric tons per annum (tpa) of production capacity in PET resins by May 2010, making it one of the world's largest polyester producers with 800,000 metric tons of annual capacity.

Octal Chairman Saad Suhail Bahwan said the company's second-phase expansion will make it the largest polyester manufacturer in the Middle East and one of the biggest outside of China on one site.

Octal's integrated PET resin and APET sheet facility in the southeast city of Salalah will ramp up the new production capacity in two stages: 250,000 tpa by March 2010 and the remaining 250,000 tpa by May of that year. The company is targeting the soft drink and bottled water markets in Europe, the U.S. and Middle East through its move into PET.

“Between 2009 and 2012, more than 20 million metric tons of plastic raw materials capacity will come on-stream in the Gulf,” said Mr. Saad. “Octal is harnessing the region's strategic advantage and Salalah's unique location to deliver major growth in PET resin production for export as well as significant cost savings through our integrated, one-site operational model.

“Octal is fulfilling its expansion strategy to become a homegrown global petrochemicals leader. Phase one saw our entry into APET sheet for global export. Phase two will be a major step forward in PET resin production, and phase three will complete the integration of our state-of-the-art facility, realizing unprecedented cost and quality advantages.”


Must ReadView All

Pakistan-Italy MoU to expand economic, trade cooperation

Textiles | On 14th Dec 2018

Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan and Italy recently signed a memorandum of understanding...

South African parliament ratifies AfCFTA

Textiles | On 14th Dec 2018

South African parliament ratifies AfCFTA

The South African parliament recently ratified the agreement...

Jordan PM lays foundation stone for Chinese textile unit

Textiles | On 14th Dec 2018

Jordan PM lays foundation stone for Chinese textile unit

Jordanian Prime Minister Omar Razzaz recently laid the foundation...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search