Thanks to OCTAL
's funding, training kits were secured including uniforms, shoes and balls.
'Addleshaw Goddard Oman acted as the lenders' legal counsel and OCTAL
was advised by Al Busaidy, Mansoor Jamal and Co (AMJ).
Nicholas Barakat, Chief Executive Officer at OCTAL
said, Despite a challenging year, we had a profitable 12 months which is a testament to our unique product and efficient operations.
is dedicated to an operational environment in which all employees are encouraged to pursue opportunities for learning and professional growth and to draw on its intellectual resources as well as external sources in seeking those opportunities.
IT Solution consists of a group of gurus who serve a diverse customer base and are designed to reach the pinnacle of the world of technology.
In late 2008 Octal
opened the first line of a second plant with a 300,000 t/y capacity for PET resin and PET sheet.
Amer Ali Hubais, Manager of Governmental Affairs at Octal
, said, "Receiving the Authorized Economic Operator certification cements our role as a trusted trading partner that constantly improves supply chain processes, benefiting our longlist of customers around the world.
Capitalising on direct international shipping lanes and supplementing supply with its world-class facilities in Cincinnati, Octal
customers enjoy a steady and reliable supply of the company's technologically superior PET solutions.
"As one of the largest employersin Salalah, OCTAL
can contributeto the development of the private sector in support of His Majesty's directives on SMEs and economic diversification by providing new employment opportunities for the youth of Oman and contracts for small businesses to thrive in the market.
The employees at Octal
Company told Gulf News that the silence of management is "baffling", but they won't buckle and would continue their strike until their demands are met.
Projects such as OCTAL
, Oman-India Fertilizer Company (OMIFCO), Jindal Shadeed Iron and Steel and Salalah Methanol have collectively contributed around three per cent towards the overall GDP of the nation and much of this success has been achieved by catering mostly to international clients.
, one of the largest PET producers in the world, has announced that phase two of the expansion plan of its PET complex in Salalah has been completed, escalating capacity to 920,000 tonnes a year.