HOOFDDORP, THE NETHERLANDS - Montell International and Xenel Industries Ltd. plan to establish a joint venture in Saudi Arabia that will produce polypropylene. The PP venture, to be named Teldene, would build a plant in Alfasel, Saudi Arabia, capable of producing 529 million pounds of PP annually. Startup is planned for the beginning of 1999.
NATPET, a group composed of Xenel Industries of Jeddah, Saudi Arabia, and other Saudi investors, will own 50 percent of the project, and Hoofddorp-based Montell will own the remainder.
Phillips, Shanghi plan China PE plant
BARTLESVILLE, OKLA. - Phillips Petroleum Co. and Shanghai Petrochemical Co. Ltd. plan to build a polyethylene plant near Shanghai, China.
The companies plan to spend $100 million to build the 220 million-pound-per-year PE plant. It is scheduled to open in 1998 near a petrochemicals complex in Jinshanwei, Shanghai.
Phillips, based in Bartlesville, will own 40 percent of the plant.
Hyundai to build South Korea facility
DAEWAN, SOUTH KOREA - Hyundai Petrochemical Co. Ltd. plans to build a polyethylene plant in Daewan that will have an annual capacity of 286 million pounds.
The plant is scheduled to be completed in 1997 and will use Unipol technology from Union Carbide Corp. It will be able to make a range of PE products.
Quantum increases Ohio unit's capacity
HEATH, OHIO - Quantum Chemical Co. has increased the compounding capacity of its color and additives concentrates plant in Heath by 40 percent.
A new continuous mixer/extruder compounding line, the plant's seventh, started up in December. It will produce the company's Spectratech line of specialty compounds.
Quantum has three color and additives concentrates compounding plants, including Heath; Crockett, Texas; and Fairport, Ohio.
``The new line fits a manufacturing capacity niche between the larger-capacity lines at our compounding plant in Crockett, Texas, and the capacity of the other six lines at Heath,'' said Bob Woods, Quantum's business manager for colors/compounds.
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Nowea International, the subsidiary of the Dusseldorf Trade Fair Co. in Germany, has opened a new office in New York. Nowea promotes trade shows in Germany, China, Singapore, Russia and the Ukraine, including the K fair held in Dusseldorf, Germany.
Cook Composites and Polymers Co. is buying the former plant site of Reichhold Chemicals Reactive Polymers Division in Oxnard, Calif. CCP plans to transfer operations from its Milpitas, Calif., plant to the new location by this fall. The Oxnard plant can produce 25 million pounds of unsaturated polyester resin annually.