Seyed Reza Ghasemi-Shahri said that a €30m contract for enhancing
and diversifying the bottle grade of the company had also been signed with
He said the deal had been signed with an Iranian company
with the aim of increasing the production capacity of different grades of
polyethylene terephthalate items of the facility by 50 tons.
He stated that in addition to increasing production
capacity, diversification of the produced grades with the aim of changing the
use of one of the units of textile pet grade to bottle grade is another goal of
this project; in other words, by implementing this project, in the months of
the year when the demand for bottle grade is high, the company can shift its
production to this grade.
He said the project is financed by Tejarat Bank and would
come online in a period of 18 months, adding besides this contract, another
deal has been signed with an Iranian knowledge-based company for production of
a pretty complex catalyst which is currently supplied only by a few major European
companies including Germany’s BASF and Italy’s ClarineT.