The new firm will launch a plant at the Mesaieed Industrial City (Photo Credit: Arabianeye-Reuters)
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Doha – Mubasher: Qatar Industrial Manufacturing Co (QIMC) has signed the contract for establishing the United Company for Chemicals as a limited liability Qatari firm.
The joint venture (JV) is a partnership between K.L.G. Qatar and Gulf Chlorine with a stake accounting for 50% of each company’s capital, the company said in a bourse statement issued on Monday.
The new firm will launch a plant, at the Mesaieed Industrial City, that produces calcium chloride, with a production capacity of 60,000 tons per annum.
Source:
Mubasher