EIPET polyethylene terephthalate Egypt - Arhive
EIPET has loaded one PET line at the plant in Egypt at full capacity EIPET polyethylene terephthalate Egypt
MOSCOW – EIPET, a major Egyptian producer of polyester products and polyethylene terephthalate (PET), last week brought capacity utilization on one of the two lines in Ain Sokhna (Ain Sokhna, Egypt) to 100%, ICIS reported in source company.
According to him, raw materials for PET production on this line of the enterprise, which can produce 540 thousand tons of material per year on two lines, was filed August 18-19, August 22-24 commercial products were received . EIPET polyethylene terephthalate Egypt
The company’s plant has been idle since 2015. Initially, the PET plant in Egypt was planned to be launched in the first quarter of 2016.
Currently, EIPET is working on launching a second line at the PET plant in Ain Sokhne, which will take place in a few months, the source said. EIPET polyethylene terephthalate Egypt
It is planned that the company will supply part of the production to Europe, and the rest of the PET will supplant the import supplies of the material from India and Indonesia. In addition, EIPET can start delivering PET from a new plant to the US market.
The raw materials for this plant in Ain Sokhna will supply Indorama with the recently acquired plant of terephthalic acid (TPA) in Portugal.
As reported by Market Report company, Indorama Ventures Company Ltd (IVL), the world leader in the production of polyethylene terephthalate (PET), in late July this year announced the acquisition of a 74% stake in the Egyptian PET processor – Medco Plast for Packing and Packaging Systems SAE Medco). EIPET polyethylene terephthalate Egypt
Medco operates a factory for the production of PET preform capacity of 70 thousand tons in Egypt with a market share of 25%. The transaction, subject to regulatory approval, should be closed in the third quarter of 2018.
According to the ScanMap of the company MRC, in Russia the estimated PET consumption in July of this year increased by 2% compared to the previous year.
In total, in the first seven months of this year 387.29 thousand tons of PET were processed in Russia. During the reporting month, Russian plants produced 52.90 tons of material. The volume of production of PET granulate in July compared to last year increased by 2%. EIPET polyethylene terephthalate Egypt
For the period January-July, the production of Russian PET practically did not change – 334.74 thousand tons in 2018 against 331.39 thousand tons in 2017.
EIPET is a joint venture (50:50) of the Indian Dhunseri Petrochem and Tea and Indorama Ventures Company Ltd (IVL). EIPET polyethylene terephthalate Egypt
mrcplast.ru
Author: Margarita Volkova