Salalah to ramp up PET production capacity in two stages
22 Apr '08
2 min read
Speaking at the Oman Economic Forum in Muscat yesterday, Octal Managing Director Nicholas Barakat said, “Preliminary funding for phase two is already in place. Around US$18 million has been allocated for long-lead items and engineering work.”
Octal Holding and Co SAOC (www.octal.com), established in 2006, is rapidly becoming the world's largest producer of APET sheet, delivering to the packaging industry superior gauge control, gloss and transparency for rigid plastic packages. It is also becoming the Middle East's largest producer of PET resins. Octal's APET sheet provides higher yield, better tray quality and lower cost. With state-of-the-art manufacturing based in the Salalah Free Zone, Oman, Octal has sales and customer support facilities in the United States, Europe and Asia.