ADEKA to Commence Full-Scale Polymer Additives Business in Middle East
April 5, 2011
ADEKA Corporation (President: Kunihiko Sakurai) has decided to establish a joint venture company in Dubai, the United Arab Emirates, to expand its operations by developing a production and sales structure for polymer additives in the Middle East. Initial manufacturing will be one pack granule additives production.
ADEKA will invest approximately \350 million in Al Ghurair Additives LLC (AGA), a subsidiary of the Al Ghurair Petrochemicals (Chairman - Rashid Saif Al Ghurair ), which is part of Al Ghurair Group a leading conglomerate in the United Arab Emirates. AGA will be made a joint venture with Al Ghurair Petrochemicals LLC, the parent company of AGA.
AGA expects to be renamed ADEKA Al Ghurair Additives LLC in April 2011.
The details are as follows.
To view PDF files, you need Adobe Reader
