Massive expansion of PET production in Russia

Lively growth in the local beverages industry is boosting the Russian market for PET granules and PET preforms. Between 2002 and 2005, consumption of PET increased by nearly 60% to an estimated 432,000 t/y, according to a report from the German Office for Foreign Trade

. At present, Russia meets around 90% of its PET granule requirements through imports. However, projects announced for start-up by 2008 would lift capacities to 502,600 t/y, according to figures from Moscow-based market research institute Creon.