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

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Austrian mold maker seeking North American manufacturing partner

July 25, 2014 1:49 pm ET

An Austrian mold maker is looking for a manufacturing location in North America.    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co....    More

Image

Bioplastics maker wins government funding

July 25, 2014 12:13 pm ET

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative...    More

Image

Tooling Technology has new private equity owner

July 25, 2014 11:55 am ET

New York private equity firm GenNx360 Capital Partners has partnered with management to buy Tooling Technology Holdings LLC, a diversified Ohio-based ...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events