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Venezuela's Phoenix Packaging Group to construct expandable polystyrene unit

January 20/2011

(Marketwire) -- Phoenix Packaging Group (Maracaibo, Venezuela) will construct a new expanded polystyrene unit at its petrochemical complex in Maracaibo, in the state of Zulia.


The Maracaibo petrochemical complex currently consists of a 44,000 metric ton per year polystyrene unit. The new unit will add a capacity of 20,000 metric tons per year.


The construction work on the polystyrene unit is planned to commence in December 2011. Phoenix Group will invest approximately $20 million in the project. The expansion is scheduled to be completed by mid 2013.


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