Dow and Sadara reach sales and marketing agreement

Published: October 8, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers

MIDLAND, MICH. (Oct. 8, 12:40 p.m. ET) — Dow Chemical Co. announced Oct. 8 that it will sell a majority of the production from Sadara Chemical Co., Dow’s joint venture with Saudi Arabian Oil Co. (Saudi Aramco).

Midland-based Dow said the agreement will help it in fast-growing regions including Asia Pacific markets, Central and Eastern Europe, Africa and India.

Sadara will market the products itself in certain Middle Eastern nations, including Saudi Arabia.

The joint venture will make a variety of chemicals, including polyethylene, polyolefin elastimers, and polyurethanes. The first production units are scheduled to come online in 2015, with all units running by 2016.

“This project – the largest of its kind ever built in a single phase – will literally transform our industry and the petrochemical sector in Saudi Arabia by creating an advanced manufacturing hub that provides a differentiated product slate from a competitive, low-cost position,” Dow Chairman and CEO Andrew Liveris said in a news release.

Within a few years of becoming fully operational, Sadara is projected to deliver annual revenues of approximately $10 billion. The joint venture will also generate thousands of direct and indirect jobs through the complex and related investments in downstream value parks.


Comments

Dow and Sadara reach sales and marketing agreement

Published: October 8, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

West Coast ports dispute impacts machinery imports

February 27, 2015 5:00 pm ET

Asian machinery companies got caught in the West Coast ports labor dispute — causing some headaches to get equipment ready for NPE 2015.    More

Image

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Wittmann, Illig among machinery firms boosting investments in India

February 27, 2015 1:34 pm ET

GANDHINAGAR, INDIA — Expected growth in the Indian plastics market is leading several global machinery firms to make investments there,...    More

Image

Indian masterbatch makers growing locally and thinking globally

February 27, 2015 1:30 pm ET

GANDHINAGAR, INDIA — India’s masterbatch makers are expanding their domestic capacity to meet growing demand, as some are also moving ahea...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events