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Finding money to invest does not seem a problem for PET supplier and sheet extruder Octal, and the company says it also is at no loss for customers as it expects to more than double its turnover from this year to 2012. The company is only five years old, opening for business in late 2006 with 20,000 tonnes/yr of APET sheet capacity. By next year it plans to have 927,000 tons of PET at its disposal.

PlasticsToday Staff

August 19, 2011

2 Min Read
PET sheet supplier Octal aims to be $1.4 billion business by next year

Finding money to invest does not seem a problem for PET supplier and sheet extruder Octal, and the company says it also is at no loss for customers as it expects to more than double its turnover from this year to 2012. The company is only five years old, opening for business in late 2006 with 20,000 tonnes/yr of APET sheet capacity. By next year it plans to have 927,000 tons of PET at its disposal.

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Octal has plenty of PET sheet capacity, and much more on the way.

We reported on Octal in its early days, including at its first showing at the triennial K show, and since then have often covered the company's rapid expansion. Octal is especially notable for its DPET technology and its deep financial pockets that have helped it scale up very quickly. The company's sheet operations make use of its patented DPET (Direct-to-PET) technology in which melt from its PET reactors is fed straight into sheet dies, so that no heat history is added to the material, as would occur in an extrusion operation.

Taking extrusion out of the processing equation makes for sheet with improved optical and mechanical properties, according to Octal (Muscat, Oman), as well as trims about 65% off the amount of energy typically required for sheet extrusion and is said to enable thermoformers of the sheet to reduce their own processing temperatures. Plus it also mneans thatwhen the company builds a new PET plant, it almost automatically also increases at the same rate its

Customers seem to like the sheet, with one, Jarek Zasadzinski, CEO of Greiner Packaging UK, saying in the most recent Octal press release, "With the new technology Octal has created a revolution. They have successfully broken new ground." Nicholas Barakat, CEO of Octal, commented, "At this stage, we are the most advanced producer of PET sheet in the world. To expand our unique technology, we'll invest another €600 million ($860 million) in the next five years. Thus our growth is on a winning track." From its projected turnover of €400 million this year, it expects to more than double that to about €1 billion in 2012.

Adding another PET plant next year will give it plenty of capacity, notes Barakat: "(With the new plant) we will increase production to 927,000 tons per year. Our order books are full, nonetheless we want to offer additional capacities, especially for the U.S. and Asian markets."

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