|
|
Article: Abu Dhabi Holding plans fiber fabrics plant.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- July 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Abu Dhabi
Abu Dhabi Holding (ADH) has signed a MoU with a European technology partner to assess, in cooperation with Abu Dhabi Basic Industries Corporation (Adbic), the establishment of a production plant for non-woven fiber fabrics in Abu Dhabi Polymers Park.
The name of the European partner has not been disclosed.
Commenting on the new initiative, Otaiba Said Al Otaiba, chairman of Abu Dhabi Holding, said: "This MoU is in line with ADH's strategy to pursue industrial investments, with a focus on downstream petrochemical industries. We are honoured to work with Adbic in the selection of good investment opportunities and toward the ...