#Transparent Rigid PET Sheet for Blister Packing

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Leading PET Sheets Manufacturer for Sustainable Blister Packaging Solutions: Lyka Global Plast LLC 

In the realm of blister packaging, the choice of material plays a pivotal role in ensuring product safety, durability, and visual appeal. As industries demand packaging solutions that are both reliable and visually appealing, Lyka Global Plast LLC emerges as a beacon of excellence, offering top-notch PET sheets tailored for blister packaging needs. 

PET Sheet for Medical Blister Packaging: 

Lyka Global Plast LLC takes pride in providing PET sheets specifically designed for medical blister packaging. With stringent quality control measures and adherence to international standards, their PET sheets ensure the safe and secure packaging of medical supplies, including capsules and tablets. 

PET Sheets Manufacturer for Sustainable Packaging: 

As a pioneer in sustainable packaging solutions, Lyka Global Plast LLC leads the industry as a PET sheets manufacturer committed to environmental stewardship. Their PET sheets are crafted with a focus on reducing environmental impact while maintaining superior performance, making them ideal for eco-conscious businesses. 

PET Sheet for Medical Blister Packaging Price: 

Offering competitive pricing without compromising on quality, Lyka Global Plast LLC makes PET sheets for medical blister packaging accessible to businesses of all sizes. Their transparent pricing ensures affordability without compromising on product excellence. 

Transparent Rigid PET Sheet for Blister Packing: 

Transparency is key in showcasing products effectively while maintaining product integrity. Lyka's PET sheets offer exceptional transparency, allowing consumers to view the packaged products clearly. The rigid nature of these sheets ensures structural integrity, safeguarding the contents during transportation and storage. 

Blister Packing PET Film Sheet: 

Lyka Global Plast LLC's PET film sheets are specifically engineered for blister packing applications. With superior puncture resistance and barrier properties, these sheets provide optimum protection to the packaged products, keeping them safe from external elements and preserving their quality. 

Blister Packing PET Sheet Rolls: 

Offering convenience and versatility, Lyka's PET sheet rolls are tailored to meet the diverse needs of blister packaging. Available in various widths and thicknesses, these rolls empower businesses to customize packaging solutions according to their requirements, optimizing efficiency and minimizing waste. 

Medical Supplies Capsule Blister Packaging: 

Lyka's PET sheets are widely utilized in the pharmaceutical industry for capsule blister packaging. Designed to meet stringent quality standards, these sheets ensure the integrity and safety of medical supplies, contributing to the overall reliability of the packaging. 

Transparent RPET Blister Sheet: 

Lyka Global Plast LLC also specializes in transparent RPET blister sheets, offering enhanced sustainability without compromising on performance. These sheets are crafted from recycled PET material, reflecting Lyka's commitment to environment-friendly packaging solutions. 

In conclusion, Lyka Global Plast LLC stands as a trusted PET sheets manufacturer, offering sustainable blister packaging solutions that prioritize product safety, durability, and environmental responsibility. With a steadfast commitment to quality and sustainability, Lyka's PET sheets are the preferred choice for businesses seeking reliable and eco-friendly packaging solutions. 

Lyka Global Plast LLC stands as a trusted partner for businesses seeking premium PET sheets for blister packaging applications. With a focus on quality, affordability, and sustainability, Lyka's PET sheets epitomize excellence, ensuring the integrity and visual appeal of packaged products across various industries. 

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OCTAL Secures $625mn to Further Expand PET Sheet Business

 OCTAL has secured $625 million of banking facilities comprising a syndicated term loan facility of US$ 225 million and working capital facilities aggregating to US$ 400 million in one of the biggest private sector financing deals in Oman of the last decade.

Loan Facility Provided by Consortium of Local & International Banks

The new term loan facility has been provided by seven local and international banks, consisting of Bank Muscat SAOG, BankDhofar SAOG, National Bank of Oman, Standard Chartered Bank, HSBC Bank Oman SAOG, National Bank of Bahrain (NBB) and Bank ABC with Bank Muscat – Investment Banking acting as the Financial Advisor for the deal.

Addleshaw Goddard Oman acted as the lenders’ legal counsel and OCTAL was advised by Al Busaidy, Mansoor Jamal & Co (AMJ).

Bank Muscat is also acting as the Documentation Bank, Facility Agent, Security Agent and Account Bank for the transaction.

Expand PET Sheet Capacity, Operational Facilities

The facility – oversubscribed by almost 250% – is expected to set OCTAL for stronger and rapid growth. The company’s strategy as the leading manufacturer of PET materials is to further expand its patented PET Sheet business specifically in recycling technology, process technology, specialized industry segments such as poultry, dairy, and foodservice packaging, with further geographical expansion into Latin America and Asia

In a media briefing, OCTAL’s Chief Executive Officer Nicholas Barakat said, “We are pleased by our lenders’ support, and their confidence in the high-quality of our asset base, our strong operating performance and our plans to deliver value for all stakeholders. With this momentum, we have greater flexibility to implement our strategy, underpinned by innovation, growth, and optimization.”

He added, “With the extra capital, we aim to expand our PET sheet capacity at the main plant in Salalah Free Zone, increase operational facilities, continue to develop our Research and Development activities specifically involving the manufacture of PET converted packaging in the dairy and poultry industry, and support our growing customer base.”

PET Portfolio

OCTAL’s main product is its patented DPET sheet, which it developed and introduced to the market in 2008 as a cutting-edge alternative to the traditional PET sheet. The company is tapping into a global market size that currently stands at 59.3 million tons, offering a product that is fully recyclable, clear and transparent, and the first and only direct-to-sheet polyester sheet in the world.

The unique technology eliminates five energy-intensive stages of the conventional sheet production process, meaning it offers an unmatched sustainability profile, while delivering the lowest carbon footprint compared to other PET sheet and the polymers for which DPET substitutes. DPET packaging is used for a broad spectrum of products such as trays, cups, blister-packs, IT hardware items, school and office supplies, and electronics.

OCTAL also manufactures PET resin, the advantages of which are ease of processing, clarity and recyclability. The product is popularly used in injection molding processes to make bottles for water, fruit juices and carbonated soft drinks as well as sheet for thermoformed packaging. Non-beverage consumer goods packaged in PET bottles include detergents, soaps, shampoos, cooking oils and condiments. OCTAL’s resin business has witnessed an increase of 18% of production and sales in the first half of this year when compared to the same period last year.

From Strength to Strength

In 2018, the company recorded revenues of US$ 834 million, reflective of the consistent growth throughout its years in operation, thanks in part to robust efficiency drives, increasing year-on-year productivity. OCTAL is now the go-to market leader in monolayer PET sheet across its key markets.

“OCTAL has maintained a consistently strong financial performance and as the top exporter from the Port of Salalah, has achieved a cumulative annual growth rate of 13% over the last four years. Our ability to weather challenging market conditions have ensured our sustainability, and earned trust in the global market,” said OCTAL Chief Financial Officer, Scott Ewen. “The granting of the credit facilities means that we can build on our strong capabilities, capitalize on future growth opportunities, further enhance our strong cash position and position ourselves for our next phase of growth in PET sheet, while channeling more money into the Omani economy.

“The quality and reliability of our products have earned us a great reputation among consumers. Our solutions have gained critical acclaim for their superior mechanical and optical properties, while significantly lowering carbon footprint compared to other PET sheet and resin products. With state-of-the-art facilities in the United States, Oman and Saudi Arabia, we combine environmental responsibility and cost effectiveness by leveraging innovative technology, manufacturing prowess, and global reach, to meet the evolving needs of our growing customer base,” said Barakat.

The company is highly focused on environmental responsibility, boasting the industry’s lowest energy input and CO2 emissions per ton of production. OCTAL’s packaging solutions are fully recyclable and sustainably produced. OCTAL has developed recycling capabilities which are now being scaled up and the company currently has a recycling capacity of 100,000 MT/year.

OCTAL currently contributes approximately 6.5% to Oman’s non-oil exports and is committed to creating long-term value for the country that extends beyond diversification, positioning the Sultanate at the forefront of the manufacturing industry and a hub of excellence for knowledge-transfer and innovative technology in sustainable and environmentally responsible rigid packaging solutions.

Business Live ME in conversation with Scott Ewen, CFO, OCTAL about the recently signed financing deal

The post OCTAL Secures $625mn to Further Expand PET Sheet Business appeared first on Businessliveme.com.

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