The Dow Chemical Company announced plans to build a Dow Coating Materials manufacturing facility in the Kingdom of Saudi Arabia to manufacture a range of coating materials for domestic use in Saudi Arabia and for export worldwide.
"By investing in a new coatings facility in Saudi Arabia, we are moving closer to our regional customers, and realizing our regional business objectives in a key growth market for Dow," said Jerome Peribere, executive vice president of The Dow Chemical Company and president and CEO, Dow Advanced Materials Division (AMD). The plant, to be located at the Jubail Industrial City, will be the latest in a series of investments announced by Dow in Saudi Arabia. In July 2011, Dow and Saudi Aramco announced an agreement to form Sadara Chemical Company, a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City. Upon completion, the joint venture is projected to be among the world's largest petrochemical facilities and would represent the largest foreign direct investment into Saudi Arabia's petrochemical sector. Dow also recently announced plans to invest in a best-in-class manufacturing facility forDOW FILMTEC™ Reverse Osmosis (RO) elements in the Kingdom. Dow Coating Materials manufactures a broad portfolio of coatings raw materials, including acrylic and styrene-acrylic resins, rheology modifiers, specialty waxes, solvents, epoxy resins and curing agents, glycol ethers, polyurethane products, antimicrobial agents, opaque pigments, and others. "We are committed to helping our customers rethink coatings by working closely with paint and coating formulators worldwide to develop breakthrough technologies that are differentiated," said Anton Van Beek, general manager, Dow Coating Materials Europe, Middle East & Africa (EMEA). Dow Coating Materials operates 43 manufacturing plants worldwide and 13 dedicated R&D facilities. | |||
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Tuesday, 3 April 2012
Dow Chemical Announces Plans to build Coating Material Facility in Saudi Arabia
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