Clariant to build new masterbatch plant in Saudi Arabia
Canadian Plastics
MaterialsFacility is scheduled to open in early 2017.
In a bid to broaden its product offering in the Middle East, Swiss specialty chemicals supplier Clariant has begun construction work on a state-of–the art masterbatch production unit in Yanbu, Saudi Arabia.
The new manufacturing site belongs to Clariant Masterbatches Saudi Arabia, a joint venture between Clariant and Rowad National Plastic Company Ltd., a subsidiary of Tasnee. Tasnee is one of the largest industrial conglomerates in the Kingdom of Saudi Arabia
The 38,000-square-meter property in Yanbu Industrial Zone 2 is expected to open by early 2017.
According to Muttenz, Switzerland-based Clariant, the plant will focus on the production of white masterbatches and is the second manufacturing hub for Clariant Masterbatches in Saudi Arabia. The company also has plants in Riyadh.
“The joint investment with Rowad is in line with our strategy to further strengthen our position in one of the important markets for plastic applications,” Hariolf Kottmann, CEO of Clariant, said in a statement. “Yanbu is an industrial city home to 32 major hydrocarbon, petrochemical and mineral industry sectors. The new Clariant site will have ideal access to key raw materials as well as sea and airport facilities that will open export opportunities to target markets in the region.”
