Polief increased production capacity of polyethylene terephthalate by 50 percent
JSC "Polief" (Blagoveshchensk , Bashkortostan) increased production capacity for polyethylene terephthalate (PET) by 50 percent — from 140 thousand to 210 thousand tons per year. Investment exceeded 1 billion rubles. On Wednesday, the President of Bashkortostan Rustem Khamitov examined the progress of projects included in the list of priority projects of the republic.
According to the President, with a significant increase in production capacity the company's revenue will also increase and tax revenues to the budget of Bashkortostan and the Russian Federation will grow accordingly. Polief was granted benefits on a number of taxes paid to the regional budget.
A terephthalic acid manufactured at Polief is a raw material for the production of PET. According to the CEO "Sibur" LLC (the major shareholder of Polief) Dmitry Konov, products of the company are intended exclusively to meet the needs of the Russian market. In 2013 the total volume of PET consumption in the country amounted to 580 thousand tons, 405,000 tons were produced. With the extension of Polief production capacity "Sibur" capacities for PET production increased by one third and reached 285 thousand tons per year.
The decision to increase in capacity of "Polyef " was adopted in 2010. Construction and installation works lasted three years. In parallel with the construction of a new production line a reconstruction of existing facilities was conducted.