After five months of operations at its new manufacturing facility in the Salalah Free Zone, emerging global packaging leader Octal Petrochemicals has substituted 90 per cent of PET resin imports into Oman, valued at nearly $42 million (Dh154m) a year.
"Omani companies can now buy from an Omani supplier, reducing expenditure on expensive overseas imports and investing instead in Omani factories and jobs. This is a great advertisement for local manufacturing," Octal Chairman Sheikh Saad Suhail Bahwan said.
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