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Clariant and Tasnee form masterbatches jv in Saudi Arabia, plan new plant
6:32 AM MDT | August 9, 2013 | Natasha Alperowicz
Clariant and the National Industrialization Co. (Tasnee; Riyadh) announced today that they have signed an agreement to form a masterbatches production joint venture in Saudi Arabia. Tasnee’s wholly owned subsidiary Rowad National Plastic Co. will acquire a 40% stake in Clariant’s existing masterbatches unit, Clariant Masterbatches (Saudi Arabia), under the terms of the agreement. The companies plan to begin operations as soon as they receive merger clearance and their focus will be on the Arab Gulf countries as the core market. Clariant Masterbatches...
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