Ladayn Polymer Park to Begin Production in 2025
10 Feb 2025
3 Min Read
CW Team
OQ has announced a significant milestone in the development of Ladayn Polymer Park, as three pioneering companies transition from the construction phase to production in early 2025. Representing a combined investment of $42 million (mn), these companies include one Omani and two international leaders, highlighting Ladayn Polymer Park鈥檚 global appeal and Oman鈥檚 growing roleas a hub for industrial innovation and sustainability.
Since its inception, Ladayn Polymer Park has achieved extraordinary milestones, securing 16 agreements valued at almost $155 mn. These agreements span diverse applications in packaging, construction, and advanced polymer solutions, reflecting the park鈥檚 strategic importance in reducing Oman鈥檚 reliance on imports and bolstering local manufacturing capabilities.
鈥淭his milestone demonstrates the transformative potential of Ladayn Polymer Park in fostering local manufacturing, creating jobs, and driving Oman鈥檚 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,鈥� said Sadiq Hassan Al-Lawati, Managing Director of OQ Marketing.
Local and Global Collaborators Leading the Way
Set to begin production in Q1 of 2025, Madayn Plastic Company (MAPCO), an Omani pioneer, invested $8 million to become the first company in the nation to produce Form Fill Seal (FFS) bags. MAPCO is projected to create 20 direct jobs, significantly strengthening Oman鈥檚 self-sufficiency in the plastics sector. The company鈥檚 operations mark a major step toward building a robust domestic manufacturing ecosystem.
Adding international expertise is M.A.K Sohar, a German company renowned for their expertise in developing high-performance chemical solutions in the areas of automotive, construction, agriculture, and healthcare. Leveraging cutting-edge machinery and collaborating with local contractors, M.A.K. Sohar has committed $11 mn to a state-of-the-art facility in the Sohar Free Zone. It will start production in Q2 2025 focusing on TPE and engineering compounds designed to meet the evolving needs of polymer manufacturers.
Also preparing for production in Q2 is Multibond Metal LLC, a Chinese-Indian joint venture. It made a landmark $23 m006E investment to Ladayn Polymer Park to focus on advanced polymer solutions for heat resistance and surface protection. The project will create 30 direct jobs, establishing Oman as a regional leader in cutting-edge polymer applications.
鈥淥ur partnerships with investors like MAPCO, M.A.K Sohar, and Multibond Metal LLC highlight the strategic importance of Ladayn Polymer Park in the region. Through initiatives like these, we are creating an integrated ecosystem that supports value-added manufacturing, addresses global challenges, and enhances Oman鈥檚 industrial capabilities,鈥� said Mundhar Al Rawahi, Ladayn Park Program Leader.
Strategic Location and Future Potential
To drive growth and enhance operational efficiency, the companies have established supply contracts with OQ, ensuring consistent access to high-quality raw materials at competitive prices. The easy access to raw materials, along with the strategic geographical advantage to markets through Sohar Port and the economic incentives of Sohar Freezone, have made Ladayn Polymer Park the ideal location for companies looking to expand in the region.
鈥淲e are strategically positioned with access to emerging markets in West Asia and Africa. In addition, the park鈥檚 bespoke incentives, advanced infrastructure, and dependable raw material supply from OQ create a thriving environment for businesses to succeed,鈥� adds Sadiq Al-Lawati. 鈥淲e look forward to welcoming more investors and partners to the park in 2025.鈥�
OQ has announced a significant milestone in the development of Ladayn Polymer Park, as three pioneering companies transition from the construction phase to production in early 2025. Representing a combined investment of $42 million (mn), these companies include one Omani and two international leaders, highlighting Ladayn Polymer Park鈥檚 global appeal and Oman鈥檚 growing roleas a hub for industrial innovation and sustainability.Since its inception, Ladayn Polymer Park has achieved extraordinary milestones, securing 16 agreements valued at almost $155 mn. These agreements span diverse applications in packaging, construction, and advanced polymer solutions, reflecting the park鈥檚 strategic importance in reducing Oman鈥檚 reliance on imports and bolstering local manufacturing capabilities.鈥淭his milestone demonstrates the transformative potential of Ladayn Polymer Park in fostering local manufacturing, creating jobs, and driving Oman鈥檚 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,鈥� said Sadiq Hassan Al-Lawati, Managing Director of OQ Marketing.Local and Global Collaborators Leading the WaySet to begin production in Q1 of 2025, Madayn Plastic Company (MAPCO), an Omani pioneer, invested $8 million to become the first company in the nation to produce Form Fill Seal (FFS) bags. MAPCO is projected to create 20 direct jobs, significantly strengthening Oman鈥檚 self-sufficiency in the plastics sector. The company鈥檚 operations mark a major step toward building a robust domestic manufacturing ecosystem.Adding international expertise is M.A.K Sohar, a German company renowned for their expertise in developing high-performance chemical solutions in the areas of automotive, construction, agriculture, and healthcare. Leveraging cutting-edge machinery and collaborating with local contractors, M.A.K. Sohar has committed $11 mn to a state-of-the-art facility in the Sohar Free Zone. It will start production in Q2 2025 focusing on TPE and engineering compounds designed to meet the evolving needs of polymer manufacturers.Also preparing for production in Q2 is Multibond Metal LLC, a Chinese-Indian joint venture. It made a landmark $23 m006E investment to Ladayn Polymer Park to focus on advanced polymer solutions for heat resistance and surface protection. The project will create 30 direct jobs, establishing Oman as a regional leader in cutting-edge polymer applications.鈥淥ur partnerships with investors like MAPCO, M.A.K Sohar, and Multibond Metal LLC highlight the strategic importance of Ladayn Polymer Park in the region. Through initiatives like these, we are creating an integrated ecosystem that supports value-added manufacturing, addresses global challenges, and enhances Oman鈥檚 industrial capabilities,鈥� said Mundhar Al Rawahi, Ladayn Park Program Leader.Strategic Location and Future PotentialTo drive growth and enhance operational efficiency, the companies have established supply contracts with OQ, ensuring consistent access to high-quality raw materials at competitive prices. The easy access to raw materials, along with the strategic geographical advantage to markets through Sohar Port and the economic incentives of Sohar Freezone, have made Ladayn Polymer Park the ideal location for companies looking to expand in the region.鈥淲e are strategically positioned with access to emerging markets in West Asia and Africa. In addition, the park鈥檚 bespoke incentives, advanced infrastructure, and dependable raw material supply from OQ create a thriving environment for businesses to succeed,鈥� adds Sadiq Al-Lawati. 鈥淲e look forward to welcoming more investors and partners to the park in 2025.鈥�
Next Story
Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai
Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8鈥�10 new redevelopment projects across the city鈥檚 key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..
Next Story
U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram
U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex鈥檚 initiatives across e-governance, heal..
Next Story
Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28
The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said, 鈥淲e are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..
