JBF Industries has teamed up with Ras Al Khaimah Investment Authority to set up Polyster PET Resin Packaging chips plant in the Emirate of Ras AI Khaimah. The cost of the plant would be around $84 million.

The plant will have a production capacity of 600 tonne of SSP chips per day and 300 tonne of polyester film per day. The proposed unit, which is also the maiden Indian unit in the Emirate, will cater to the U.S., European Union and Chinese markets.

The company chose the region because of the abundance of raw materials even though the plant and machinery for the unit will be imported from Europe, US and China.

Besides the project cost in the Emirate is around 20-25 per cent lower compared with other global destinations mainly on account of better logistics, absence of duties as it is a free trade zone, low overheads and no bureaucratic delays.





New Polymerisation Plant At Sarigram

JBF is also augmenting its production capacity in India. The company is setting up another Polymerisation Plant at Sarigram of 600 MT per day expected to start production in June 2008.