Dow Chemical to invest in coatings materials plant in Saudi Arabia

26 March 2012 02:33  [Source: ICIS news]

LONDON (ICIS)--Dow Chemical plans to invest in a coatings materials plant at Jubail Industrial City in Saudi Arabia, the US-based chemicals major said on Sunday.

The plant will supply coatings materials for the domestic Saudi and export markets worldwide, the company said.

Dow Chemical did not state capacities, financial details or the plant’s expected start-up date.

“By investing in a new coatings facility in Saudi Arabia, we are moving closer to our regional customers, and realising our regional business objectives in a key growth market for Dow,” said Jerome Peribere, CEO of Dow’s advanced materials division.

Dow operates 43 coatings materials plants worldwide

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 chemicals complex in Jubail Industrial City.

By: Stefan Baumgarten
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