JBF-RAK is a new joint venture between the JBF Group of Mumbai, India's third largest producer of POY ( partially oriented polyester yarn), and the Ras Al Khamah Investment Authority of the UAE. The $ 90 million JBF-RAK JV is setting up a green-field BOPET film plant with a daily capacity of 300 MT, mainly for supply to the USA, EU, China and other parts of Asia.
It is installing three 8.7 m. wide BOPET lines together with the requisite in-house chip-making facility and downstream plants for slitting and metallising.
JBF-RAK have placed an order on Bobst for 3 Atlas primary slitters, 4 Atlas secondary slitters, roll handling facilities and one 2.45 m. General metalliser. The total order is reputedly worth GBP 6 million, which makes it the largest order received by Bobst since their take-over of the Valmet Conversion Machines Group (Rotomec, Atlas/Titan and General Vacuum).
The JBF-RAK plant is due to be in production during the second half of 2007 and is projected to hit a turnover of $ 350 million in its first full year of production.
