EDITOUR PETplanet Insider Vol. 23 No. 04/22 www.petpla.net 27 PET container production made on equipment from the island of Cyprus Single-stage ISBM machines for flexible, special-sized formats by Kay Barton In the industrial area of Dali just under 20 km south of the Cypriot capital Nicosia, the medium-sized machine and mould supplier Cypet has been building single-stage ISBM machines for the production of standard and special PET containers and sizes since 2014. The family-run business has carved out a niche for itself in packaging production with an average annual revenue growth of 60% and now, after just a few years, is showcasing its technology on five continents using 27 machines and 66 moulds. Dedicated on-site service combined with digital support is able to provide prompt assistance to the customer. During the course of our European Road Show, we made a detour to Cyprus to visit the company founder and CEO Constantinos Sideris and his son Michalis, responsible for business development, to talk about technology, markets and growth potential. Interview with Cypet Technologies Ltd. March 1, 2022 We met: Constantinos Sideris, Director Michalis Sideris, Business Development Cypet is a spin-off of the previous family business M. Sideris and Son Ltd. founded in Cyprus in 1968 and which specialised in the supply of plastic packaging machines and equipment from manufacturers such as Haitian and Shini, as well as in plastic raw material. Initial sales markets were in Cyprus itself and Greece. The company subsequently patented a method for PET processing, built a prototype model and began marketing the technology with Cypet in 2014. In 2016, the first 50 l PET container was successfully developed and produced, followed by a 120 l version three years later. Last year, the firm introduced the second generation of its machines. “We are seeing clear growth potential in PET packaging and the replacement of HDPE containers by lighter and cheaper PET bottles, both in the food and non-food sectors”, said Michalis Sideris. “In addition, the advantages in terms of appearance, material properties, impermeability and recyclability outweigh those offered by HDPE. Our idea of having a dedicated machine company was not just born out of necessity, which of course it was, but more in light of our developments in the field.” Much of the equipment is currently used in the food sector (54%) with around 27% in beverages, and the remainder in nonfood applications. Even though the machines can make containers from 20ml up to 120 l, the most popular PET containers demanded by the market are in the range between 10 and 30 l. Customers include Keg King in Australia (see PETplanet Insider 10/20), Arma in Egypt, Savola Edible Oils from Sudan, BL Agro in India (see PETplanet Insider 07+08/2020), PET Innovators in the Netherlands, Oasis Water Company in Oman and PPI in the USA. According to Mr Sideris, the main markets are in the USA, Europe and India where the company also has a small-scale production facility and Africa. Mr Sideris explained the development: “Strategically, we first focused sales in Africa and India due to our machine’s competitive price point. Then demand from Europe came organically and finally we Tour Sponsors: A range of different PET containers made by the company
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