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Article: Octal substitutes 90pc of Oman's PET imports.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- June 9, 2009
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Byline: Muscat
Octal Petrochemicals, a leading packaging firm, has substituted 90 per cent of PET resin imports into Oman, valued at nearly $42 million a year.
This was achieved after just five months of operations at its new manufacturing facility in the Salalah Free Zone, said a report.
"Omani companies can now buy from a world-class Omani supplier, reducing expenditure on expensive overseas imports and investing instead in Omani factories and jobs," said Sheikh Saad Suhail Bahwan, Octal chairman. "This is a great advertisement for local manufacturing."
Sales are set to increase further in June as customers use up their old ...