Hear Latest PET Restructuring News at 9th CEEPET 2008 conference

Indorama to acquire Eastman PET plants - Dec 11 07’ Chemical & Engineering News
La Seda shelves purchase of Interquisa - 6 Mar 08’ Chemical Week

Recent conversations with producers in the region indicate that PET business is difficult in current times. Many are suffering from depressed margins owing to high feedstock costs and also an influx of preforms from Far East. Yet PET giants like Indorama are buying up assets in Europe with the recent purchase of Eastman’s European PET assets. Latest in the news is Neo Group has recently announced new ownership. What are the challenges ahead for them? Will the industry witness more market consolidation or current producers exiting the game?

In view of their new initiatives, CMT has invited both Neo Group and Indorama to share their views and plans in the market consolidation and rationalisation of the PET industry – the challenges that resin producers will face. Mr Andrew Noone, Managing Director for PCI, on the other hand will further present on the rationalisation, restructuring and reinvestment of the PET market in Central Eastern Europe (CEE), the changing patterns of trade and margins outlook. All these issues will be discussed at a CEEPET 2008 conference to be held on 2-3 June in Warsaw, Poland.

As implementation of REACH comes into effect on 1 June 2008, what will be the impact on PET imported materials, and how will it affect the whole PET supply chain? Political, technological & environmental forces are driving PET-recycling growth. Availability of food grade PET has improved significantly and companies are starting to use the materials at industrial scale. In the technological realm, better recycling solutions have also meant more efficient energy usage.

Other presentations will include papers on the latest innovations in PET preform processing - from energy saving systems to shift towards lightweighting. Hear from the region’s preform producers EnergoPET and GTX Hanex on their perspectives regarding these issues. Other key industry leaders invited to speak include Husky who will present on their technology combining fast speed with lightweighting, Sidel’s new No Bottle and its new applications. Also hear from Group Danone on how the company is reducing its environmental footprint in packaging its products.

CMT’s reputable and the most awaited conference in the region – the 9th CEEPET conference has lined up the right selection of speakers that will give a true insight on the developments in the industry and an opportunity to share concerns as the whole industry looks to achieve lower costs and better performing containers.

Press Contact:
Jaime Ng
Event Manager
Centre for Management Technology (CMT)
Email: jaime@cmtsp.com.sg
Tel: 65-63469115
Fax: 65-63455928

About Centre for Management Technology
A global organizer HQ in Singapore, CMT is dedicated to the provision of latest business and technology information through high profile conferences for varied industries. CMT forums encircle the globe from Asia Pacific to Middle East to New Europe/Russia and the Americas. In 25 years of operation, CMT has hosted leading conferences on Energy, Plastics, Commodities, Chemicals and Biofuels. The CEEPET events have been brought to the following cities - Prague, Budapest, Kracow, Moscow, St. Petersburg, Lithuania, Slovenia. Visit www.cmtevents.com for further information about us and our events.

This release was published on openPR.