Business | Features
Octal eyes $200m sales in Europe this year
Oman-based Octal Petrochemicals is aiming for European sales of $200 million this year as it prepares to attend the world's largest event for the packaging industry in April, a statement said.
- Staff Report
- Published: 00:21 February 11, 2008
Muscat: Oman-based Octal Petrochemicals is aiming for European sales of $200 million this year as it prepares to attend the world's largest event for the packaging industry in April, a statement said.
A subsidiary of Octal Holding and Co., Octal now earns more than half of its revenue from exports to Europe.
Octal will be a first-time exhibitor at Interpack, which will take place in Dusseldorf, Germany, from April 24-30. Octal will display the efficiency of its integrated PET resin and APET sheet manufacturing facility, located in Salalah Free Zone.
Rashid Saif Al Sadi, director of Octal Petrochemicals, said: "We are experiencing strong demand from the UK, Germany, the Benelux countries and Southern Europe, and the potential for growth across the European continent is significant.
"That is why we are making such a large investment in Interpack, of around $300,000. We are delighted to be flying the flag for the Oman petrochemicals industry and Salalah Free Zone with one of the exhibition's largest stands."
Share this article
More from Business Features
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Shaikh Mohammad reaffirms UAE unity
Vice-President quashes talk of discord and reassures investors on the strength of Dubai's economy
-
Pizzazz on the palm: A Nikki Bisiker project
Bright, bold and ultra glam are the top notes of this apartment in The Palm Jumeirah's beautiful marina
-
flydubai starts service to Sudanese capital
Dubai's first low cost airline, celebrated its eighth inaugural flight in less than six months
