Industry News
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Foulath in talks with Kobe for EPC deals on three new plants
Thursday, March 4 2010
Khalid al-Qadeeri, vice-chairman and managing director of Foulath, a Bahrain-based metals specialist, is in talks with Kobe Steel over directly awarding the Japanese contractor engineering,...
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Jacobs wins contract from Saudi Aramco
Wednesday, March 3 2010
Jacobs Engineering Group has announced that it received a contract from state-owned Saudi Aramco to develop a basic engineering package for four sulfur recovery units, each with an expected...
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Solarworld inks deal with Qatar Foundation
Tuesday, March 2 2010
German solar-panel maker Solarworld has signed an agreement with Qatar Foundation to form a $500m joint venture in the Gulf state to produce silicon, the main ingredient in solar-energy panels,...
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Tripp Lite eyes 25% growth in Qatar
Tuesday, March 2 2010
Tripp Lite, a manufacturer of power protection and connectivity equipment, has said it plans to increase its business in Qatar by 25% this year. 'We see huge growth potential in the Qatari...
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Oman Cement's new clinker project set to launch
Monday, March 1 2010
The new OR62.7m clinker manufacturing plant of Oman Cement is planned to go into operation in the second quarter of this year, Oman Daily Observer has reported. The project is expected to boost the...
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Egypt's Oriental Weavers acquires local firm
Monday, March 1 2010
Egypt's Oriental Weavers has approved the acquisition of local start-up textile company, Rosetex for EGP39.5m, as demand in its export markets picks up, Reuters has reported. The world's...
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Zamil Group launches new plant in Saudi
Sunday, February 28 2010
The Arabian Amines Co, a joint venture between Saudi's Zamil Group and the Huntsman Co, has inaugurated its new ethylene amines plant at Al Jubail Industrial City in Saudi Arabia. The SR1.08bn...
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South Korea's STX to build Iraq petrochem plant
Saturday, February 27 2010
Iraq's State Co for Petrochemical Industries has signed an agreement with South Korea's STX Heavy Industries for a $3.2bn petrochemical project in the country, Reuters has reported. The...
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Saudi firm to open six factories in UAE
Thursday, February 25 2010
Saudi-based Construction Products Holding has announced plans to open six new factories in Al Ain this year, Emirates Business has reported. The factories would cost $200m and include a ready-mix...
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Saudi Fertilizers expects stable prices in 2010
Thursday, February 25 2010
Saudi Fertilizers Co has said it will cut costs and enter new markets to boost profits in 2010, Reuters has reported. 'Safco hopes to improve profitability by increasing productivity, reducing...