Selenis Canada to proceed with PET expansion in Montreal
30 January 2013 18:31 [Source: ICIS news]
TORONTO (ICIS)--Selenis ?xml:namespace>Canada will proceed with plans to nearly double polyethylene terephthalate (PET) capacity at its facility in Montreal, even as competitors are also expanding capacities, a company representative said on Wednesday.
Garry Davis, sales manager for the Canada-based producer, confirmed a Canadian industry report that Selenis would add about 250m pounds/year of PET capacity at the Montreal facility by early 2014, bringing its total capacity there to about 570m pounds/year.
“For Selenis, this [expansion] was always part of our plan – that is, to build up capacity in two phases,” Davis told ICIS.
Davis acknowledged that competitors such as Italy’s Mossi & Ghisolfi (M&G) are planning large new PET capacities in North America, raising the possibility that supplies will be much higher than projected demand.
However, Davis added that some competitors will likely also retire older, less competitive PET production assets.
Selenis Canada was formed in 2009 when Portuguese investment firm IMG Group acquired an idled 95,000 tonne/year polytrimethylene terephthalate (PTT) plant in Montreal and converted it to PET. Selenis Canada began producing PET in 2011.
Al Greenwood contributed to this article.By: Stefan Baumgarten+1 713 525 2653
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.