Dow Chemical to build new Saudi coatings plant
Dow Chemical said Sunday it will invest in a new manufacturing facility for its Dow Coating Materials (DCM) business unit in the Kingdom of Saudi Arabia.
Dow Coating Materials is a supplier of products and technologies to architectural and industrial coatings manufacturers.
The planned facility, which will be located at the Jubail Industrial City, will manufacture a wide range of coating materials for both Saudi Arabia and global export markets, the company said.
“With an unmatched specialty portfolio of advanced materials, we constantly aim at bringing customers differentiation and solving global challenges locally together,” said Jerome Peribere, CEO of Do’s advanced materials division (AMD).
“By investing in a new coatings facility in Saudi Arabia, we are moving closer to our regional customers, and realizing our regional business objectives in a key growth market for Dow,” Mr. Peribere said.
“Our investment in a new world-class coatings facility will support our growth ambitions by bringing the most advanced and sustainable coating materials to the Saudi market and by enabling us to deliver innovation that is tailored to the region’s needs,” said Dr. Ilham Kadri, general manager of Middle East and Africa for the Dow division.
“Additionally, we will look to create new highly-skilled jobs in the Saudi market, and support the Kingdom’s vision to establish sustainable policies and practices in the industry,” Dr. Kadri added.
Dow Coating Materials operates 43 manufacturing plants worldwide and has 13 dedicated R&D facilities across all major geographic markets where Dow does business, the company said.
Through its mission of collaboration, inspiration, innovation and growth, the business provides material products, science, technology, and manufacturing solutions to the architectural and industrial coatings industry worldwide.
The new facility is the latest in a series of investments to be announced by Dow in Saudi Arabia. In July 2011, Dow and Saudi Aramco announced an agreement to form Sadara Chemical Co., a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City.
Upon completion, the joint venture is projected to be among the world’s largest petrochemical facilities and would represent the largest foreign direct investment into Saudi Arabia’s petrochemical sector.
Dow also recently announced plans to invest in a best-in-class manufacturing facility in Saudi Arabia for its FILMTEC Reverse Osmosis (RO) elements.
Investment terms for the facility were not disclosed.
Comments