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Ukraine continued to increase import of injection moulding PET chips from Lithuania in September

October 18/2019

MOSCOW (MRC) - Neo Group"s import of injection moulding PET chips from Lithuania grew by 40% last month and reached a record monthly volume of 7,000 tonnes, according to MRC"s DataScope.

Deliveries of Lithuanian PET accounted for 61% in September from total imports against a share of 45% in August and 26% in September last year. The volume of external supplies from Lithuania increased by 20% in three quarters compared to the same period last year and amounted to 31,400 tonnes against 26,200 tonnes. The main buyers of Lithuanian bottled PET were Coca-Cola Beverages Ukraine Limited and Retal.

The Neo Group company continues to increase the supply of material to Ukraine for the second month in a row, despite the force majeure announced in July of this year.

It was earlier reported that the Lithuanian Neo Group, one of the largest European producers of polyethylene terephthalate (PET), announced force majeure circumstances on 10 July on the supply of PET from a plant in the city of Klaipeda (Lithuania) due to technical problems on the back of the shortage of purified terephthalic acid (PTA) - to a new PET line at this site.

Force majeure at this plant with a total capacity of three lines of 480,000 tonnes/year (160,000 tonnes/year each) is still in force. The lines operate at reduced loading.

Closed Joint Stock Company (CJSC) "Neo Group" is one of the largest producers of polyethylene terephthalate (PET) chips in Europe. The company"s enterprises are located in Lithuania, not far from Klaipeda seaport. The total production capacity of the plants is 320,000 tonnes/year, which is 12% of the quantity of PET produced in Europe. Neo Group CJSC is a part of Retal Industries Group, the leader in the production of PET preforms.
Author:Anna Larionova
Tags:PET-granulate, PET bottles, PET films, PET preforms, Neo Group, Ukraine.
Category:General News
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