Page 14 - OQ PR REPORT - FEBRUARY 2025

2/11/25, 8:50 AM Production gets underway at Ladayn Polymer Park

Production gets underway at Ladayn Polymer Park

10 FEBRUARY 2025

INDUSTRY

OQ, the Oman-based energy investment group, has announced that three
companies will start production in early 2025 at Ladayn Polymer Park,
representing a combined investment of US$42mn

They include Oman’s Madayn Plastic Company (MAPCO), which will produce Form Fill
Seal (FFS) bags; M.A.K Sohar, a German company renowned for their expertise in
developing high-performance chemical solutions which will focus on TPE and
engineering compounds designed to meet the evolving needs of polymer manufacturers;
and Multibond Metal LLC, a Chinese-Indian joint venture which will focus on advanced
polymer solutions for heat resistance and surface protection.

Ladayn Polymer Park, established two years ago with the aim of bolstering Oman’s
position as a regional leader in plastics manufacturing, has now secured 16 agreements
valued at almost US$155mn, across various applications in packaging, construction and
advanced polymer solutions.

“This milestone demonstrates the transformative potential of Ladayn Polymer Park in
fostering local manufacturing, creating jobs, and driving Oman’s economic growth. By
enabling the production of finished plastic products locally, we are not only reducing our
reliance on imports but also positioning Oman as a regional hub for innovation and
sustainability in the polymer industry,” said Sadiq Hassan Al-Lawati, managing director
of OQ Marketing.

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