PET resin and sheet firm Octal picks US manufacturing site

By Jim Johnson
Senior Staff Reporter

Published: February 25, 2014 11:28 pm ET
Updated: February 25, 2014 11:32 pm ET

Related to this story

Topics Packaging, Sustainability, Materials, Film & Sheet, Extrusion

After months of searching, Octal Petrochemicals has found a site for its first plant in North America, opting for a Cincinnati-area location that provides more than 130,000 square feet of space.

News that the Muscat, Oman-based PET resin and sheet maker selected the site in West Chester, Ohio, about 20 miles north of the city comes from Cushman & Wakefield, which describes itself as the world’s largest privately held real estate services firm.

Octal’s West Chester location will use post-industrial recycled PET flake and resin to make reusable sheeting for the agricultural market.

“This was a six-to-eight month process of performing the proper studies and analyzing which markets made the most sense for Octal to place its first North American plant," said Mark Collins, a member of Cushman & Wakefield’s tenant advisory group based in Dallas, in a statement.

"We worked very closely with our alliance firm partners at Cincinnati Commercial Realtors to find the right mix of location, incentives and opportunity for Octal. This was a collaboration at every phase of the process, and that's important when you're dealing with an important, international client who is new to the market,” Collins said.

The West Chester site includes both warehouse and office space and is located in an industrial park. Duke Realty owns the building.

Octal’s new location will complement the company’s existing PET manufacturing site in Salalah, Oman, which has current production capacity of 1 million tons per year, Cushman & Wakefield said.


Comments

PET resin and sheet firm Octal picks US manufacturing site

By Jim Johnson
Senior Staff Reporter

Published: February 25, 2014 11:28 pm ET
Updated: February 25, 2014 11:32 pm ET

Post Your Comments


Back to story


More stories

Image

Coca-Cola sustainability report highlights PlantBottle usage

October 1, 2014 12:47 pm ET

Coca-Cola Co. has now distributed more than 25 billion PlantBottles since their introduction five years ago.    More

Image

OptiLedge taking Ikea's pallet replacement system to the next level

October 1, 2014 11:49 am ET

OptiLedge LLC is taking Ikea's plastic alternative to the traditional wooden pallet to the next level, making and marketing them globally.    More

Image

Blow molding machinery maker opens first plant in Taiwan

October 1, 2014 1:27 pm ET

Taiwanese equipment maker Kin Precision Industry Co. Ltd. has opened a 2,000-square-meter, 25-employee factory in Taichung, Taiwan, with an eye to...    More

Image

Global Plastics Summit puts PE prices in the spotlight

October 1, 2014 3:17 pm ET

Product manufacturers may start to shift away from polyethylene because of high prices, according to two major plastics processors.    More

Image

Speaker: Many issues can affect multi-cavity molds

October 1, 2014 2:02 pm ET

There are several conditions necessary across all cavities of a multi-cavity mold to ensure that all parts are produced the same. These include identi...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

More Events