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Arkema forms Saudi JV

10:06 AM MDT | October 25, 2013

Arkema, the world’s second-largest producer of organic peroxides; and investment company Watan Industrial Investment (Riyadh) have agreed jointly to construct an organic peroxide plant at Al Jubail. The $30-million facility will be the first organic peroxide plant in the Mideast. The investment supports Arkema’s strategy to expand its high-performance materials business and strengthen its presence in fast-growing countries, where the group aims to achieve 30% of its sales by 2016. The joint venture will be majority owned by Arkema, which will oversee...

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