(plastemart) -- The Saudi International Petrochemical Co. (Sipchem) has launched the construction of its ethylene vinyl acetate (EVA) films project in Hail Industrial City, as per Arab News.
The project enjoys the patronage of Hail Governor Prince Saud bin Abdulmohsen, who is also the chairman of the High Commission for Development of Hail Region.
Built on an area of 40,000 square meters, the SR 120 million project will manufacture 4,000 metric tpa of EVA films. The project, which is fully owned by Sipchem Chemicals Company (SCC), will be financed by the company and other local backers. The project is expected to be operational by Q3-2013.
We remind that, as MRC informed earlier, Saudi International Petrochemical Company (Sipchem) affiliate Gulf Advanced Cable Insulation Company had awarded on LSTK basis the engineering design, procurement and construction contract for the Wire and Cable Polymers Compounding Plant to POSCO Engineering Co, South Korea. The new plant will produce the power cable insulation materials at Sipchem’s site in Jubail Industrial City. This plant comes as part of Sipchem’s third phase expansion downstream program. Gulf Advanced Cable Insulation Company is equally owned by Sipchem and Hanwha Chemical of South Korea.
MRC