Following the ramp-up period, full production is expected by August, fortifying the company's ability to serve the North and South American markets'. Phase two capacity takes total system output to 920,000 tons per year of PET bottle-grade resin.
OCTAL has emerged as a global supplier of performance of PET resin and DPET™ sheet, the first and only direct-to-sheet polyester sheet in the world as a result of increased conversion of large food and consumer products for the packaging of yogurt, meat, and cheeses.
“OCTAL is building its brand on a truly global scale,” said Vivek Harkauli, Director, OCTAL's Marketing PET Resin. PET is becoming the unanimous choice for reliable, clear rigid packaging with a wide range of applications and our aim is to move into market leadership positions with multi-national giants such as Coca-Cola, Nestlé, Colgate and P&G. By growing our very profitable PET resin business, we have established a strong and stable base from which to drive targeted expansion into markets such as North and South America.”
The unprecedented environmental advantages of OCTAL's DPET™ sheet has also encouraged a number of companies around the world to use this proprietary packaging material. Compared to traditional plants, OCTAL's DPET™ sheet uses 67% less grid electricity per kg of sheet, a fact that has been verified by independent, third party sources such as Intertek Expert Services, an internationally recognized, independent testing service.
“The OCTAL DPET™ process brings the major advantage of a carbon footprint 25 percent below that of traditionally produced APET films. The direct-to-sheet process eliminates the most energy-intensive anddefect-prone processes to deliver a spotless sheet with a fraction of the energy,” stated William J. Barenberg, Jr., OCTAL's Chief Operating Officer. “Thermoformers have been able to reduce cost by ordering a thinner sheet, gain additional business by providing a clearer package and meet many new sustainability requirements from brands and end users.”
The next two years hold enormous promise for OCTAL which is now uniquelypositioned to deliver unmatched benefits of technology and innovation. The company looks forward to continued growth with this new capacity to meet the breadth and depth of customer demand in to the North and South America market.
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