Tuesday, January 18, 2011

Octal on course to complete second phase expansion after a new round of funding

Global PET packaging leader Octal is on course to complete the second phase of its operational expansion in 2011 after securing a new round of funding from six Middle Eastern banks. Phase two is plannned to be commissioned from June 2012, and is expected to add 527,000 tpa of production, making Octal the world's largest producer of PET on one site and the largest PET manufacturer in the world.

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