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Article: MoU signed for fabrics plant.
- Article from:
- Gulf Industry
- Article date:
- August 1, 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)
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Abu Dhabi Holding (ADH) has announced it has signed an MoU with a European technology partner to assess the establishment of a production plant for non-woven-fiber fabrics in Abu Dhabi Polymers Park.
The assessment will be accomplished in cooperation with the Abu Dhabi Basic Industries Corporation (Adbic). Commenting on the new initiative, Otaiba Said Al Otaiba, chairman of ADH, said the MoU was in line with his firm's strategy to pursue industrial investments, with a focus on downstream petrochemical industries. "We are honored to work with Adbic in the selection of good investment opportunities and the development of Abu Dhabi's plastics conversion industry. ...