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Article: OCTAL Petrochemicals substitutes
- Article from:
- Al Bawaba
- Article date:
- June 11, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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After just five months of operations at its new manufacturing
facility in the Salalah Free Zone, emerging global packaging leader
OCTAL Petrochemicals has substituted 90 per cent of PET resin
imports into Oman, valued at nearly US$42 million a year.
OCTAL Chairman Sheikh Saad Suhail Bahwan said: "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. This is a great advertisement for local
manufacturing."
Sales are set to increase further in June as customers use up
their old inventories of PET and switch over to OCTAL, Sheikh Saad
added. OCTAL produces PET resin for soft drinks, ...