According to the results of January-August, export deliveries of injection molded PET granules from the Lithuanian company Neo Group increased by 3% compared to the same period last year and amounted to 24.4 thousand tons against 23.6 thousand tons.

At the same time, last month, the import of Lithuanian PET into the country more than doubled – from 2.3 thousand tons to 4.9 thousand tons. Deliveries of Lithuanian material in August amounted to 45% of total imports against a share of 16% in July and 26% in August last year.

The main buyers of Lithuanian bottled PET are Coca-Cola Beverages Ukraine Limited and Retal.

The company increased supplies of material to Ukraine, despite the force majeure announced in July of this year.

Earlier it was reported that the Lithuanian Neo Group, one of the largest European producers of polyethylene terephthalate (PET), announced force majeure circumstances on the supply of PET from a factory in Klaipeda (Klaipeda, Lithuania) on July 10 due to technical problems associated with the supply of refined raw materials terephthalic acid (TPA) – to a new PET line at this site. Force majeure at this enterprise with a total capacity of three lines of 480 thousand tons of PET per year (160 thousand tons each) is still valid. The lines operate at reduced speeds.

Closed Joint Stock Company (CJSC) “Neo Group” is one of the largest producers of polyethylene terephthalate (PET) granules in Europe. The company’s enterprises are located in Lithuania, not far from Klaipeda seaport. The total production capacity of the plants is 320 thousand tons per year, which is 12% of the quantity of PET produced in Europe. Neo Group CJSC is a part of Retal Industries Group, the leader in the production of PET preforms.