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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Clariant, Tasnee form masterbatch JV in Saudi Arabia, plan new plant

7:16 AM MDT | August 23, 2013 | —Natasha Alperowicz

Clariant and the National Industrialization Co. (Tasnee; Riyadh) say they have agreed to form a masterbatches production joint venture in Saudi Arabia. Tasnee’s wholly owned subsidiary Rowad National Plastic will acquire a 40% stake in Clariant Masterbatches (Saudi Arabia), an existing Clariant subsidiary, under the terms of the agreement. The companies plan to begin operations as soon as they receive merger clearance. Their market focus will be on the Arab Gulf countries. Clariant Masterbatches is a market leader and a pioneer in the region, with...

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