Industry News
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Foster Wheeler awarded PMC contract for LAB plant expansion at Jubail
Thursday, September 9 2010
Saudi-based Gulf Farabi Petrochemical has awarded US-headquartered Foster Wheeler a contract to provide project management consultancy (PMC) services for Gulf Farabi's Linear Alkyl Benzene...
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Qatalum to resume production by mid-September
Thursday, September 9 2010
Qatar's Qatalum has announced the 444 cells that were affected by a power outage in early August this year are due to resume production by mid-September. Experts investigating the incident...
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RAK Ceramics reports no slowdown
Wednesday, September 8 2010
The world's largest ceramic tiles maker, Ras Al Khaimah Ceramics, has said its production lines are operating at a maximum capacity even in the current testing market conditions, Bloomberg has...
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Aluminium Bahrain announces $200m H1 profit
Tuesday, September 7 2010
Aluminium Bahrain (Alba), owned by the Bahraini and Saudi Arabian government, has reported a first-half profit of $200m, beating its own forecasts, Bloomberg has reported. Alba, which runs an...
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Oman Oil to invest $3bn in Indian fertiliser plants
Tuesday, September 7 2010
State-run Oman Oil is set to invest $3bn to help revive some of India's closed fertiliser plants, Wam has reported. The Omani firm and the Indian public sector fertiliser firms would soon...
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Mani and Co to begin expansion plan
Monday, September 6 2010
Mani and Co, a fruit and nut snack producer, has announced plans to invest Dhs30m ($8.1m) in expansions to its UAE processing and packaging factory located within Dubai Investment Park (DIP). The...
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Baalbaki Group makes Turkish acquisition
Monday, September 6 2010
Labanon-based Baalbaki Group has announced the acquisition of Turkish firm Depur Kimya as part of its regional expansion plans. The new Turkish subsidiary will start up its own production...
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Ezz Steel hikes prices for September
Sunday, September 5 2010
Egypt's largest steel producer, Ezz Steel, has announced it is raising its ex-factory price for steel by EGP350 to EGP3,950 for September, and said that demand is expected to improve during...
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Egypt's Olympic Group upgraded by HSBC
Sunday, September 5 2010
Egyptian appliance maker Olympic Group has been upgraded by HSBC to "overweight" from "neutral," citing an attractive valuation and capacity expansion plans, Reuters has reported. Capacity...
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Wasit plant in Saudi extends bid deadline
Saturday, September 4 2010
Saudi Aramco has pushed till October 24 the closing date for bids to build the kingdom's largest gas plant, Reuters has reported, citing industry sources. The Wasit plant is to be designed to...