Dhunseri Petrochem resumes production at PET plant in Haldia

Dhunseri Petrochem & Tea Ltd has resumed operation at the company’s polyethylene terephthalate (PET) plant I in Haldia, which was closed for last two months due to unfavourable international market scenario. Dhunseri Petrochem & Tea Ltd informed BSE that the production has commenced in the said plant on even date. The bottle-grade PET resin is used to produce packaging containers for drinking water, carbonated soft drinks, edible oil and pharmaceuticals.
 
Plant I, which caters only to the export market, was shut down on August 14, 2014 after considering international demand and supply situation and margin pressure. The sudden increase in imports of PET into India resulted in reduced PET demand from the domestic customers and consequent reduction in supplies of the company in the domestic market.