Selenis Canada to add PET capacity in 2014

By Frank Esposito
Senior Staff Reporter

Published: January 25, 2013 1:37 pm ET
Updated: January 25, 2013 1:40 pm ET

Related to this story

Topics Materials, Materials Suppliers

MONTREAL -- Selenis Canada Inc. plans to add about 250 million pounds of annual PET resin capacity at its plant in Montreal East, Quebec.

The added capacity is expected to come on line in early 2014, and will increase the site's total capacity to just over 570 million pounds.

In the past two years, the firm has introduced a range of PET products in Canada and the U.S., company officials said in a Jan. 24 news release. In the last year, Selenis Canada "has progressively increased its market penetration and capacity utilization, and is now currently operating at near full capacity," the release said.

Selenis Canada was formed in 2009 when Portuguese investment firm IMG Group bought a dormant plant that had made polytrimethylene terephthalate — a specialty resin — from PTT Poly Canada LP.

PTT Poly had been a joint venture between Shell Chemicals Canada Ltd. and the government of Quebec. IMG converted the plant to PET production, making its first commercial shipments in April 2011.

The expansion will increase PET supply in a market already considered to be oversupplied. Italy's M&G Group also is planning a major new PET plant in Corpus Christi, Texas, that would have 2.2 billion pounds of annual resin capacity when it opens in 2015 or 2016.

North American PET demand growth is expected to be in the low single digits for the next few years, as thinner beverage bottles and reduced carbonated soft drink consumption has affected PET use. Market insiders have said that older resin plants in the region may have to be shut down to prevent even greater oversupply.


Comments

Selenis Canada to add PET capacity in 2014

By Frank Esposito
Senior Staff Reporter

Published: January 25, 2013 1:37 pm ET
Updated: January 25, 2013 1:40 pm ET

Post Your Comments


Back to story


More stories

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Proposed green building standard delayed until late 2016

November 27, 2014 6:00 am ET

Anyone not ready for a new green building standard — one that may include more favorable ratings for plastics — is getting something of a ...    More

Image

Group backs plastic window alternatives

November 27, 2014 6:00 am ET

A new industry working group is figuring out how to help plastic break through the glass ceiling.    More

RheTech to commercialize hemp fibers to replace glass in PP

November 27, 2014 6:00 am ET

RheTech Inc. plan to commercialize its first hemp fiber compounds in January.    More

Not every Internet dream died

November 27, 2014 6:00 am ET

The dot-com bubble was littered with plastics companies gone bust by big tech dream. But not every major e-commerce play failed.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events