# Neo Group to expand PET production in Klaipeda FEZ with €50M investment

Neo Group, a member of Retal Group, is expanding its PET production facility in Klaipeda FEZ, Lithuania, with a €50 million investment. The expansion will increase annual capacity from 328,000 to 500,000 tons, making it the largest PET production facility in the EU.

- Type: Expansion
- Announced: 2018-05-17
- Where: Klaipeda FEZ, Klaipeda, Lithuania
- Value: $59.0M (50.0M EUR)
- Starts operating: May 2018
- Status: announced
- Capacity: 500,000 tons per year
- Products: PET (polyethylene terephthalate)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Neo](https://endata.com/companies/15890.md)
- [Retal Group](https://endata.com/companies/31917.md) (partner)

## Sources

- [fez.lt](https://www.fez.lt/european-pet-industry-leader-chooses-klaipeda-fez-for-50-million-eur-project/), 2018-05-17: "Beating Belgium, Poland, England and Australia, Neo Group’s PET production facility in Klaipeda FEZ has been chosen as the location for expansion of a new 50 million Euro production project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.