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Mogilevkhimvolokno invests EUR20mln in upgrades

February 22/2012

(polyestertime) -- Belarus PET polymer and polyester fibres producer Mogilevkhimvolokno is investing more than EUR20mln this year in its continuing project to upgrade and expand its plants in Mogilev.

This will include the launch of a scheme to boost the companys capacity to produce bottle grade PET resin and
equipment installation is already underway to increase its moulding output of PET bottle preforms. The new PET
line is set to raise the firms PET polymer capacity to over 160,000 tpa. - three times the current output,
according to the company.

Later in the year, Mogilevkhimvolokno will install a new 50,000 tpa plant to produce fatty acid methyl esters for the production of biodiesel engine fuel.

Mogilevkhimvolokno, the chemicals subsidiary of the countrys state oil and chemicals group Belneftekhim, is steadily growing its exports which will be boosted further on completion of the current investment programme.
The majority of the companys products are exported to 30 countries around the world, among them Russia,
China, Poland, Romania, Lithuania, the US, Germany and Italy.

Author:Anna Larionova
Category:General News
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