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FINANCIAL NEWS
Sohar freezone plans to boost packaging industries
15 Jan 2015
(MENAFN) Sohar Port Freezone plans to take full advantage of the expansion of its petrochemicals industries in order to attract downstream plastics manufacturers to the logistics hub ahead of the construction of Oman’s first dedicated agricultural terminal, Times of Oman reported.
This was the message delivered by Sohar officials to industry leaders and experts at Arabplast 2015 and GPCA PlastiCon 2015 trade shows, both held in Dubai this week.
“With the planned construction of an agricultural terminal and anticipated influx of grain products that will accompany its completion, our aim is to attract new investment in food and food processing industries and create a cluster than can feed the region. Grain silos and a sugar refinery are already in the pipeline, and as this sector grows, the opportunities for packaging companies to serve multinational businesses will grow,” it said.
The executive commercial manager said that the company is pleased to see the response to the news that more than 1.5 million tons of environmental-friendly materials will soon be produced at Sohar, led by Oman International Petrochemical Industry Company. This will center on production of PET (polyethylene terephthalate) typically used in the manufacturing of single-serve beverage and soft drink bottles.
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