MOSCOW (MRC) -- Packwell is expanding its polyethylene (PE) packaging capacity in the US Gulf region with two projects in the Houston area, said Economictimes.
The first involves US trading company Vinmar, which has awarded Packwell a packaging and warehousing contract for Vinmar’s Baytown, Texas, facility. The 500,000 square-foot facility has two state-of-the art Windmoller and Holscher high speed Topaz 2600 packaging lines, with capacity to package and distribute more than 520,000 tonnes/year. There is also room for further expansion, the company said.
The second project is for Packwell to sublease and operate a state-of-the-art resin packaging facility on a 56-acre site at Port Houston’s Bayport Industrial Complex, which is adjacent to the Bayport Container Terminal complex on Galveston Bay.
As it was earlier writen,Packwell, Hillwood and BNSF Railway Company (BNSF) have agreed to build a plastics export packaging facility at the huge AllianceTexas industrial and distribution park in north Fort Worth. That deal follows announcement earlier this week of a similar plastics packaging and export facility being built by the Union Pacific railroad and global logistic firm Katoen Natie (KTN) in Dallas. Both facilities will transport plastic pellets in hopper cars from the US Gulf Coast – and mostly from the Houston area – to sites in Dallas-Fort Worth where the pellets will be packaged and transferred into shipping containers that will travel by rail to the US west coast for shipment to Asia. The rail-packaging centres are an outgrowth of what most polymer experts see as a coming boom in PE exports.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
Packwell Industries Private Limited is a Non-govt company, incorporated on 15 May, 1963. It's a private unlisted company and is classified as'company limited by shares'. Company's authorized capital stands at Rs 25.0 lakhs and has 100.0% paid-up capital which is Rs 25.0 lakhs. Packwell Industries Private Limited last annual general meet (AGM) happened on 30 Sep, 2017.