30 March 2008 16:40 [Source: ICIS news]
DUBAI (ICIS news)--Saudi Arabia’s Advanced Polypropylene Co (APPC) has started exporting material from its Al-Jubail plant, the company said on Saturday.
APPC has started the commissioning process successfully, said executive manager Ali Shaeir, and contracted a Saudi-based company to wrap, stock and freight the product to the local, regional and international markets.
The company started production at its 450,000 tonne/year PP plant earlier this month and commercial propylene production a few days earlier.
APPC is 53% owned by Saudi and foreign investors, with foreign investment accounting for close to 15%. The remaining 47% is owned by the state-run Saudi Industrial Development Fund.
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