OCTAL, biggest producer of PET sheet worldwide, has now attracted a great deal of attention with its strong growth. The entire turnover, for instance, is to be more than doubled from this year to 2012. The reason for this is the new DPETTM technology that has been developed by the enterprise itself. To cope with the increasing demand, another factory will be established next year.
Nicholas Barakat, CEO of OCTAL, put it quite clearly: 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 euros in the next five years. Thus our growth is on a winning track. The actual scale of growth of the producer of high-quality PET sheet is reflected in the following figures. From this year to 2012 alone, the global enterprise from Oman will more than double its turnover from 400 mill. euros to about 1 billion euros. The key factor of this growth is the DPETTM technology which, being an in-house development, is unique worldwide. It has now attracted a great deal of attention in Asia, the United States and in Europe, too. Jarek Zasadzinski, CEO of Greiner Packaging UK and one of OCTAL's major customer: With the new technology OCTAL has created a revolution. They have successfully broken new ground.
Impressive growth figures
On closer examination of the production outputs, this growth becomes even more evident. When the enterprise was founded in 2006, it produced 30,000 tons of PET each year. In 2009, with the erection of the new factory, annual production rose to 300,000 tons. One year later, thanks to its leading technology and more efficient production methods, the turnout amounted to 350,000 tons. Because of the rapidly growing demand for the new DPETTM technology OCTAL is planning to build another factory in 2012. Nicholas Barakat: Thus 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 US and Asian markets.”
New DPETTM technology
With the unique DPETTM technology patented worldwide OCTAL has achieved new dimensions in high-quality PET sheet. Compared with conventional PET sheet, significant economies can be reached in terms of resources. 67% less electricity, 20% less gas, and above all a 25% smaller carbon footprint. Thus the technology incubator from Oman is leading the way in the field of environment. This has also been confirmed by the renowned Sustainability Consortium from the USA. OCTAL is playing a crucial pioneering role in the packaging industry and has set an important benchmark in terms of sustainability, Operations Director Mike Faupel said.