# Saudi Pallet Manufacturing Company signs $90M MoU with SABIC for plastic pallets

Saudi Pallet Manufacturing Company signed a 90 million US dollar memorandum of understanding with SABIC to manufacture Paxxal plastic pallets for export and develop local supply chain initiatives. The agreement was signed on 28 January 2019 in Riyadh during the National Industrial Development and Logistics Program launch.

- Type: Partnership
- Announced: 2019-01-28
- Where: Riyadh, Saudi Arabia
- Value: $90.0M
- Status: announced
- Products: plastic pallets
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Saudi Pallet Manufacturing Company](https://endata.com/companies/4524.md)
- [SABIC](https://endata.com/companies/3200.md) (partner)
- [Paxxal](https://endata.com/companies/4525.md) (partner)

## Sources

- [paxxal.com](https://paxxal.com/2019/01/28/saudi-pallet-manufacturing-company-signs-a-90-million-mou-with-sabic/), 2019-01-28: "Saudi Pallet Manufacturing Company (SPMC) ... has signed a $90 Million Memorandum of Understanding (MoU) with SABIC"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.