Regions :: Middle East
NatPet and A. Schulman Sign Deals for PP Compounding JV and PP Distribution
1:09 PM MDT | June 14, 2012 | Natasha Alperowicz
National Petrochemical Industrial Co. (NatPet; Yanbu, Saudi Arabia), a subsidiary of Alujain Group (Jeddah), has concluded a joint venture agreement with A. Schulman (Akron, OH) to produce polypropylene (PP) compounds. The 50-50 jv will build a PP compounding plant near NatPet’s PP manufacturing complex at Yanbu with a capacity for 100,000 m.t./year of compounds in two phases. The first phase will require an investment of SR266 million ($70.9 million) and will be funded 40% through equity and the remainder through debt from sources including the Saudi...
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