28 November 2012 01:40 [Source: ICIS news]
DUBAI (ICIS)--Saudi Arabian converter Gulf Packaging Industries Ltd (GPIL) will start up its biaxially oriented polypropylene (BOPP) film converting unit in Al Jubail at the end of 2013, a company source said late on Tuesday.
The plant has a converting capability of 105,000 tonnes/year, the source said on the sidelines of the 7th Gulf Petrochemicals & Chemicals Association (GPCA) forum.
"[The] BOPP converting business is somehow recession-proof. The downstream food packaging will continue to grow. People need to eat, even if the economy is bad," the source added.
GPIL is a subsidiary under Al Rajhi Holding, which has a separate expansion plan with Mattex Group in December.
The GPCA forum is held in Dubai and runs on 27-29 November.
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