Country Reports - Oman

OCTAL Develops Ground-Breaking Products for High-Quality Packaging

March 2017

Country Reports - Oman

OCTAL Develops Ground-Breaking Products for High-Quality Packaging

March 2017

Reinforcing its position as the world's well-known supplier of eco-conscious and high performance direct-to-sheet polyester DPETT sheet and PET resin, Oman-based OCTAL continue to set international standards and boosts the development of ground-breaking products for high-quality packaging. The company has unveiled two major additions to its cutting-edge portfolio including innovative PET packaging for yogurt and dairy products and modified PET for the cups, straws, lids, and cutlery used throughout the Food Service Industry. The new additions to its product portfolio come on the back of a projected growth of 16 percent in total sales for 2017 with demand from the United States, the Middle East, South America and Asia. Commenting on the two unique PET applications, Nicholas Barakat, OCTAL CEO said: "OCTAL's DNA is conceived from the idea that sustained growth of 'clear rigid packaging' requires a strategic investment in capacity, proprietary technology and innovation, with the environment always being of primary concern." The upward trajectory in demand for the company's fully recyclable, sustainably produced packaging solutions, used by the F&B industry continues to be driven by the introduction of innovative new products. Barakat, added, "OCTAL has invested and will continue to invest in a phased approach to capture end-use applications, where the next generation PET becomes the optimal solution when compared to applications with other polymers." Founded with an investment of USD600 million, the company operates on strong eco principles, prioritizing the stewardship of natural resources.