About Octal
Octal APET Sheet - Redefining the Thermoformed APET Market
Octal, a wholly owned subsidiary of Octal Holding & Co. (SAOC) was established in 2006 to meet the accelerating demand for APET sheet and PET resins. Octal is setting the standard in APET packaging through its patented technology and proprietary processes, featuring the tightest gauge control and lowest tolerances in the APET packaging industry.
Octal services markets around the world. Octal's headquarters are located in Muscat, Sultanate of Oman. Its production facilities are located in Salalah, Sultanate of Oman and the company has sales offices in Dallas, Texas, USA and Shanghai, China.
With an initial investment exceeding US$300 million, Octal is primarily owned by a U.S.-based private equity group. Other principal shareholders include large private and institutional investors that strategically invest regionally and internationally. With a strong financial foundation, Octal is dedicated to continuous enhancement of its capacity to service the global marketplace.
Octal has invested heavily in proprietary technology and an advanced manufacturing process that delivers the highest quality APET sheet, including superior roll construction, tighter specifications and remarkably consistent gauge control to glass-like gloss and clarity. Octal's APET sheet opens doors to packaging applications that create value for the companies who use it and for the consumers who value its convenience.
Octal is currently building the world's largest APET sheet complex with a global platform of 300,000 metric tons of annual capacity, and is advancing APET as the preferred clear rigid packaging polymer.
Octal Executives
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Mr. Barakat has extensive experience in investment and project development in the U.S. and the Middle East. He has worked for more than 20 years as a senior executive at International Paper with responsibilities in management, marketing and finance. He brings a long and successful track record in leadership, marketing strategies and packaging materials to Octal. Mr. Barakat is a graduate of the American University of Beirut and holds an MBA from New York University. He is a CPA and a member of the American Association of Chemical Engineers and the Society of Plastic Engineers. |
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Mr. Barenberg has overall responsibilities for operation of Octal and the formulation and execution of its strategic initiatives. Mr. Barenberg has 15 years of experience in manufacturing, marketing and general management. With a career foundation in turnkey construction and engineering and marketing of commodity and specialty products, he has an extensive background in industrial business-to-business relationships and in marketing to the consumer via retail channel partners. Mr. Barenberg began his career as project manager with Black & Veatch, a leading architectural and engineering consulting firm. Subsequently, he joined International Paper (IP), assuming various roles in the packaging and papers businesses involving product management, manufacturing and marketing, culminating in his most recent role as general manager of IP's photo media business. Mr. Barenberg is an engineering graduate of Kansas State University and holds an MBA from Amos Tuck School of Business Administration at Dartmouth College. |
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