Tasnee signs JV deal with Swiss Clariant

25/08/2013 Argaam

National Industrialization Company (Tasnee) agreed to form a joint venture with Swiss specialty chemicals producer Clariant, Al-Riyadh newspaper reported.

Rowad National Plastic, a wholly owned Tasnee subsidiary, will acquire 40 percent stake in the Swiss group's local company, Clariant Masterbatches (Saudi Arabia) in Riyadh.

Clariant Masterbatches operates in Saudi Arabia since 1993.

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