Indian company to commence construction of 420,000 tpa PET plant in Egypt

27-Jan-11

India's Dhunseri Petrochem and Tea is to commence construction of its new 420,000 tpa polyethylene terephthalate (PET) bottle resin plant in Egypt as per ICIS. The total cost of the project, which is located at Port Said in Egypt, is estimated at US$170 mln (€124 mln). Dhunseri’s PET bottle-grade chip unit, which is located at Haldia, West Bengal, has a nameplate capacity of 200,000 tpa. Construction of its second line, with a nameplate capacity of 210,000 tpa, started in November last year and production is scheduled to begin in Q1-2012. Dhunseri was formerly known as South Asian Petrochem Ltd (SAPL). SAPL was renamed in 2009 after the amalgamation of its operations with Dhunseri Tea and Industries and Dhunseri Polycarbonate.