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 Materials Sustainability Packaging Extrusion Film & Sheet
Companies & Associations

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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

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

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

More Events