Qatar Plastic and Wooden Products Company (QPPC), a subsidiary of Qatar Industrial Manufacturing Company (QIMC), has commenced the plastic bags and wooden pallets project in the Ras Laffan Industrial City.
The project involves the production of 15,000 tonnes of packaging bags and 1.5mn wooden pallets for the petrochemical sector.
This was announced by Abdul Rahman al-Ansari, chief executive officer of the Qatar Industrial Manufacturing Company (QIMC) and vice-chairman of QPPC on the sidelines of the 17th Gulf Petrochemicals and Chemicals Association (GPCA) forum, which concluded Wednesday.
The total investment of this project has been estimated at QR140mn and the establishment of this modern plant will significantly enhance QPPC's production capabilities and further strengthen its position in the industry.
This project is in line with the expansion of the petrochemical sector in the Ras Laffan region, as indicated by HE Saad bin Sherida al-Kaabi, the Minister of State for Energy Affairs. This project represents an increase in the company's production capacity.
It is expected that the Ras Laffan Petrochemical Project will be operational by the end of 2026.
QPPC, a private company owned by QIMC (66.66%) and Qatar Petrochemicals Company (33.34%), is one of the biggest downstream companies in Qatar developing and manufacturing flexible packaging using polyethylene resins.
QPPC was established in1998 at a project cost of QR42mn and a share capital of QR27mn. It started commercial production in August 2000.
QIMC participates with several of its specialised subsidiaries in the field of petrochemicals. It focuses on diversifying into various industrial investment sectors.
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