Clariant and Tasnee establish masterbatches joint venture in Saudi Arabia
Advertisement
Clariant and Tasnee announced the signing of an agreement to establish a masterbatches joint venture in Saudi Arabia.
Within the framework of the agreement, through its 100% subsidiary Rowad National Plastic Company Ltd., Tasnee will acquire a 40% stake in Clariant’s masterbatches operations in the country, already operating under the name Clariant Masterbatches (Saudi Arabia) Ltd. The joint venture will be operational following completion of customary merger control clearance procedures and will keep its main focus on the Arabic peninsulas core market.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
BASF to increase production capacity for synthetic ester base stocks in Jinshan, China - Capacity to be almost doubled
Ashland completes purchase of DERAKANE epoxy vinyl ester resin business from Dow
The Big Quantum Chill: NIST Scientists Modify Common Lab Refrigerator to Cool Faster With Less Energy - The time and energy required to chill materials to temperatures near absolute zero has been dramatically reduced
It all adds up: Study finds forever chemicals are more toxic as mixtures - Research also finds that PFOA and PFOS are major contributors to toxicity