30 April 2012 13:27 [Source: ICIS news]
LONDON (ICIS)--Songwon Industrial’s new additives projects in the Middle East are expected to have initial capacities of 7,500 tonnes/year, Maurizio Butti, chief operating officer of the South Korea-based group, said on Monday.
The company expects to bring the Bahrain plant onstream by early 2013 and a plant in Abu Dhabi by mid-2015, he added. The plants will produce dust-free polymer additive packages, known as one-pack systems (OPS).
Songwon, Saudi company Pan Gulf Holding and Abu Dhabi-based Polysys Industries have signed a memorandum of understanding to create a joint venture named Songwon Additive Technologies, which will implement the Middle East projects.
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