IHS Chemical Week

Regions :: Middle East

GPCA Plastics Summit: Japanese and UAE Firms Create Polymer Additives JV

8:26 AM MDT | April 5, 2011 | Natasha Alperowicz in Dubai

Adeka Corp. (Tokyo), a producer of polymer additives and oleochemicals, plans to invest Y350 million ($4.2 million) in Al Ghurair Additives (AGA; Dubai) a subsidiary of Al Ghurair Petrochemicals. Al Ghurair Petrochemicals belongs to the Al Ghurair Group, a leading conglomerate based in the United Arab Emirates. The partners announced the plans today on the sidelines of the second GPCA Plastics Summit currently taking place in Dubai. AGA, which has been renamed Adeka Al Ghurair Additives, plans to expand one-pack additive supplies to the market. One-pack additives...

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