With a view to develop value-added products in the Kingdom, Alujain’s subsidiary, Natpet has been exploring opportunities further downstream to the polypropylene resin:
Bonar-Natpet, NATPET’s joint venture (JV), completed in 2015 its first full year of operations. Bonar-Natpet is a JV between NATPET and Low & Bonar PLC (listed on London Stock Exchange) of the United Kingdom to produce geotextile products for the fast growing civil engineering infrastructure markets in the Middle East and the Indian subcontinent. The plant has a capacity of 17,300 tons/year of staple fiber and 9,600 tons/year of nonwoven geotextiles.
NATPET SCHULMAN SPECIALTY PLASTIC COMPOUNDS
NATPET’s second downstream venture, Natpet Schulman Specialty Plastic Compounds, in equal partnership with A. Schulman Europe International B.V. (a leading independent producer of engineering plastics) will produce engineered PP compounds to serve a broad range of customers globally, and capitalize on growing demand for durable goods such as appliances and automotives in the Middle East, Africa and India. The plant is expected to be completed for startup around mid of 2017.