07/31/2012

www.gupta-verlag.de/rubber

A. Schulman and Natpet form PP compounds JV in Saudi Arabia

The joint venture is planning to build a PP compounding plant in Yanbu, Saudi Arabia, where it expects to begin production by the end of 2014. Initial project costs are approximately EUR 55 million. The plant will manufacture compounds based on A. Schulman's technology with PP resin from Natpet. It will serve customers in the Middle East, Africa, and India. All sales outside of these regions will be sold directly through A. Schulman. Furthermore, A. Schulman has agreed to distribute PP resins for Natpet in Europe.

www.gupta-verlag.de/rubber