SIR Make Capacity Increase to Service Middle East Composites Sector

02 July 2008

Saudi Industrial Resins Limited has commissioned a significant capacity increase at its Jeddah factory, to strengthen their position in the MENA region.

The company is a joint venture between Ashland Inc and private Saudi Arabia shareholders. In addition to its locally-produced Siropol and Hetron ranges, manufactured under license from Ashland, SIR distributes composites auxiliaries - including glassfibre, catalysts, and accelerators. The company also distributes Ashland’s Derakane range.

With manufacturing operations in Jeddah and in Jubail, SIR has already started its next round of expansions. SIR has received significant additional capital from its shareholders, which funds the projects underway. The company’s expansion projects in other significant regional markets, and into additional product ranges, are progressing rapidly.

Strong infrastructure development throughout the region has placed GCC polyester manufacturers under pressure for further availability, and these supply deficits have been magnified by recent global shortages of some key raw materials.

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