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PolyOne Forms Saudi Color Concentrates JV

4:05 PM MDT | October 17, 2011 | Rebecca Coons

PolyOne says it has agreed to form a color concentrates joint venture  with Saudi manufacturing, engineering, construction, distribution, and service company E.A. Juffali & Brothers. The jv will be based at Jeddah, Saudi Arabia and will be 51% owned by PolyOne. PolyOne says the jv will invest approximately $14 million over the next 9-12 months to build a specialty color concentrates plant. The site is expected to come online in late 2012. PolyOne says the deal strengthens its color, additives, and inks business in the Mideast. "Juffali brings local...

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