3P Gulf Group, a Saudi Arabia-based plastics converter, is set to become the largest in the region by boosting production capacity for stretch films.
The company, which produces shrink film, stretch film, PET preforms, plastic closures and other plastic packaging, is investing an undisclosed amount to boost stretch film production by 51,000 to 120,000 tonnes per year at its site in Industrial City, Jeddah.
The investment includes the building of new facilities in a bid to support growth in a sector that has previously suffered a “lack of reliable production”, according to the company.
With three new production lines expected to be running by the end of 2013, the addition to existing capacity is predicted to make 3P-Stretch the single largest producer of stretch film in the region.
Machinery for the new lines will be provided by SML, an Austria-based manufacturer specialising in high performance extrusion equipment.
“This investment will enable us to ensure more high quality product is readily available for our customers with shorter lead-times,” says 3P Gulf Group chairman and chief executive Ali Hashim.
“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.”
