Alujain Corporation

Activity by year

201820192020202120222023202420252026

AcquisitionPartnership

Mar 9, 2018PARTNERSHIPYanbu Industrial City, Saudi Arabia$86.5M
Alujain and Beaulieu Fibres International form JV to expand polypropylene fibre production in Saudi Arabia
Alujain Corporation signed a joint venture agreement with Beaulieu Fibres International (BFI) to expand polypropylene fibre and nonwoven production in Saudi Arabia. BFI will invest SAR89 million ($23.7 million) in Alujain's subsidiary IRIC for a 50% stake, and the partners plan to increase capacity to 88,000 tonnes per annum with additional capex of SAR330 million ($86.5 million).
Beaulieu Fibres International partner Alujain Corporation partner Infrastructure Reinforcement Industrial Company target #Specialty Chemicals #Plastics and Polymers #Industrial Textiles tradearabia.com
Mar 9, 2018ACQUISITIONRiyadh, Saudi Arabia$500.0M
LyondellBasell to buy 35% stake in Alujain's Natpet for $500M
Alujain Corporation agreed to sell a 35% stake in its subsidiary Natpet to Basell International Holdings (LyondellBasell) for $500 million, as part of a joint venture to build a new petrochemical complex in Saudi Arabia.
LyondellBasell Industries NV acquirer Alujain Corporation target #Specialty Chemicals #Plastics and Polymers tradearabia.com

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