Lithuanian Neo Group will launch a new line of PET at the end of June – The Lithuanian Neo Group, one of Europe’s largest producers of polyethylene terephthalate (PET), plans to launch a new PET line in Klaipeda, Lithuania at the end of June 2018 – Lithuanian Neo Group line PET June - Arhive

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Lithuanian Neo Group will launch a new line of PET at the end of June

Lithuanian Neo Group line PET June MOSCOW ( MRC ) – The Lithuanian Neo Group, one of Europe’s largest producers of polyethylene terephthalate (PET), plans to launch a new PET line in Klaipeda, Lithuania at the end of June 2018, ICIS reported citing a source in the company.

The capacity of the new line will be 160 thousand tons of PET per year. At the moment the company manages two lines of similar capacity. Earlier it was reported that the launch was to take place in the first quarter of this year.

According to the Price Review of ICIS-MRC , in 2017 the import of PET-granulate produced by Neo Group to Russia decreased more than 2 times to 0.65 thousand tons against 1.75 thousand tons a year earlier. During the four months of this year, Neo Group’s supplies to the Russian market continued to decline and dropped sharply to 24 tons against 335 tons in the same period last year.

Closed Joint Stock Company (CJSC) “Neo Group” is one of Europe’s largest producers of polyethylene terephthalate (PET) pellets. The company’s enterprises are located in Lithuania, not far from Klaipeda seaport. The total production capacity of the plants is 320,000 tons per year, which is 12% of the production of PET in Europe. CJSC “Neo Group” is a part of the Retal Industries group, the leader in the production of PET preforms.

mrcplast.ru

Author:                Anna Larionova

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