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

A. Schulman, Citadel continue buying blitz

January 27, 2015 11:32 am ET

A. Schulman Inc. and Citadel Plastics Inc. — two deal-happy materials firms — were at it again in the second half of 2014.    More

Image

It's becoming a seller's market for plastics firms

January 27, 2015 11:37 am ET

The pace of plastics mergers and acquisitions activity slowed a bit in the second half of 2014 — but market watchers have high expectations for ...    More

Image

Materials market sees more deals

January 27, 2015 11:26 am ET

Plastics materials deals showed modest growth in 2014, increasing 6 percent vs. their 2013 total.    More

Image

UK legislators reject fracking moratorium

January 26, 2015 12:19 pm ET

UPDATED: Environmental campaigners turned their anger on the United Kingdom's Labour party Monday after a vote to impose a moratorium on fracking...    More

Image

Material Insights: PP production issues, preparing for NPE

January 26, 2015 1:38 pm ET

Production problems in Texas add more complication for polypropylene, Entek has new equipment ready to show compounders at NPE and we take a look ahea...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events