US Chemtura will add to antioxidant capacity at Saudi Arabia jv
17 November 2009 23:15 [Source: ICIS news]
HOUSTON (ICIS news)--Chemtura is adding 4,000 tonnes/year of antioxidant capacity at its joint venture facility in Al Jubail, Saudi Arabia, the US-based specialty chemicals producer said on Tuesday.
That will raise annual capacity at the Gulf Stabilizer Industries (GSI) jv - partnered with global investment company Al-Zamil Group - to 21,000 tonnes, Chemtura said. The new capacity is expected to come on stream in 2010.
“We now need to invest in further capacity to keep ahead of the growing demand for our products in the region,” said Fahad Al Zamil, director of the Al-Zamil Group.
Chemtura owns a 51% stake in the joint venture.
Financial terms for the expansion were not released, and the company did not immediately respond to a request for comment.
Chemtura filed for Chapter 11 bankruptcy protection for its
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By: Ben DuBose
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