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Thyssenkrupp to build PET plant in Turkey

July 07/2020

MOSCOW (MRC) -- German machine engineering company Thyssenkrupp Industrial Solutions said it has won an order from Turkish packaging producer Koksan Pet Packaging Ind Co to build a polyethylene terephthalate (PET) plant in Gaziantep, in the southeast of the country, said the company.

Thyssenkrupp will supervise the construction and commissioning of the plant and provide the main equipment, engineering works, licence and staff training, the German company said in a statement.

The plant will be built next to an existing production site built by Thyssenkrupp back in 2013. The two facilities are expected to have a production capacity of 432,000 tonnes of PET resin per year. The plant will use the Melt-To-Resin (MTR) process patented by Thyssenkrupp's subsidiary Uhde Inventa Fischer to produce various grades of resin.

Completion and commissioning are planned for 2022. The value of the contract remained undisclosed.

The investment is expected to help Koksan reinforce its local and regional market position. The PET will be supplied to the local market and to countries of the Middle East, CIS, the US, Europe, and Africa regions.

According to MRC's ScanPlast, May estimated PET consumption in Russia amounted to 70,170 tonnes, which corresponds to the level of consumption last year (70,450 tonnes). In total for the period January - May of this year, the estimated PET consumption in the Russian Federation amounted to 304,310 tonnes of material. This is 3% lower than the same indicator in 2019.

Koksan, established in 1968, produces PET jars, PET preforms, PET sheets, PE closures and PET resin.
Author:Anna Larionova
Tags:PET-granulate, PET bottles, PET films, PET preforms, Koksan.
Category:General News
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