A Saudi Arabia-based plastics converter is set to become the largest in the region by boosting production capacity for stretch films.
3P Gulf Group is investing an undisclosed amount to boost stretch film production by 51,000 to 120,000 tons per year at its site in Industrial City, Jeddah.
The company, which produces shrink film, stretch film, PET pre-forms, plastic closures and other plastic packaging, is to build the new facilities in a bid to support growth in a sector that has previously suffered a lack of reliable production.
The investment will create three new production lines which are expected to be running by the end of the year and the addition to existing capacity will make 3P-Stretch the single largest producer of stretch film in the region.
Machinery for the new lines will be provided by SML, an Austrian-based manufacturer specializing in high-performance extrusion equipment.
Commenting on the news, 3P Gulf Group chairman and chief executive Ali Hashim says: “Continuous demand for our products in the packaging industry has prompted us to supplement our existing capacity. This investment will enable us to ensure more high quality product is readily available for our customers with shorter lead-times.”
“Much of our additional capacity has already been allocated to our existing customers, many of whom have recently renewed or expanded their contracts with us, due to the quality and reliability of our service.”
3P Gulf Group has sites in Saudi Arabia, Egypt and the United Arab Emirates and also sells product across Africa, the Middle East and France, Italy, Spain and the UK. The group sells to major fast-moving consumer goods, personal care and pharmaceutical brand owners such as Saudi Arabian dairy Almarai, Coca Cola, Nestlé, P&G, Pepsico, Spimaco and Unilever.
Gulf Packaging System
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