17 February 2012 11:21 [Source: ICIS news]
MOSCOW (ICIS)--Mogilevkhimvolokno plans to increase its polyethylene terephthalate (PET) capacity by up to 240,000 tonnes/year, the Belarusian polyester fibres producer said on Friday.
The expansion project is expected to be completed in 2015 at an estimated cost of $150m (€114m), it said.
In December 2010, the government of
In 2005, Mogilevkhimvolokno announced plans to build a new 400,000 tonne/year purified terephthalic acid (PTA) unit by 2009.
But in 2008, the company revised its PTA plans down to 220,000 tonnes/year.
However, the PTA project has remained slow to materialise. It is understood the company struggled to finance the project.
($1 = €0.76)
For more on PET visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|