Mogilevkhimvolokno to invest €56m in Belarus PET line

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Mogilevkhimvolokno, one of Belarus's largest producers of polymers, is considering a €56m investment in a new line for production of PET at its facility at Mogilev, with 2014 set as a target for start-up.

At present, the company has an annual production capacity of 80,000 tonnes of PET, which it supplies for bottle and fibre conversion. The launch of the new line is expected to increase production capacity at the plant to 140,000 tonnes a year.

Currently, Mogilevkhimvolokno is said to be looking for an investor in order to raise the necessary funds.

In addition to the new line, the company plans to modernise its existing polycondensation line and will install equipment for moulding of preforms.

Established in 1968, Mogilevkhimvolokno is one of the largest producers of polyester fibres and yarns in Europe and claims to be the only volume producer of dimethyl terephthalate (DMT) and polyester granulate in the CIS market.

The company operates four plants including one large-scale production unit. It employs more than 10,000 workers.

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