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PET producer reaches landmark

PET producer Octal has surpassed the US$3 billion dollar mark in sales, which is a clear indication of Oman's manufacturing prowess and potential for expanding the country's presence on the world stage, according to Joe Barenberg, the company's executive vice president and chief operating officer.

Investments inspire Petainer growth

The completion of a $65 million refinancing looks set to provide Petainer Group with a springboard for growth, according to the company's chief executive, Nigel Pritchard.

Ohio start-up imminent for Octal

PET resin producer, Octal, is to start commercial operations in the US in the second half of 2014 with a new extrusion facility in Cincinnati, Ohio, focused primarily on recycling PET sheet flake from its customers and other manufacturers.

Absorbing news for Chinese PET converters

ColorMatrix, a subsidiary of PolyOne Corporation and a producer of liquid colour and additives for plastics, has announced that its Joule RHB liquid infra-red absorption technology is now approved for use in PET beverage packaging in China.

Partners in liner release

Avery Dennison has expanded its PET liner recycling programme with the addition of a new collection facility for brand owners in the UK and Ireland. Waste PET liners can now be sold directly to Avery Dennison's recycling partner, PET Processors UK in Dumfries, Scotland.

Constar UK finds a buyer

The UK arm of Constar International has been sold to Sherburn Acquisitions for £4.3 million (US$7.1m), shortly after administrators from Deloitte stepped in to handle the ailing firm's business and assets.

IVL to buy LSB’s Turkish subsidiary

Barcelona's Commercial Court has approved the sale of La Seda de Barcelona's (LSB) Turkish subsidiary, Artenius TurkPET, to Indorama Ventures (IVL) of Thailand.

Big cheese opts for PET sheet

One of the world's five largest dairy companies has replaced the bottom sheet for its cheese packaging with material that is recyclable but also stronger than the laminated APET/PE structure previously in use.

Nexus fired up to sell Dragon resins

Pacific Rim Traders (PRT), a privately held company established in 2006 to be the sales and service arm of Dragon Special Resin Company (China) in North and South America, has announced an agreement with Nexus Resin Group to be the exclusive distributor of Dragon's PET copolymer resins.

Sidel develops RightWeight concept

Sidel has introduced a 50cl PET bottle for still water called RightWeight, which the company claims can result in significantly less weight while maintaining or increasing bottle performance.