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Article: Saudi Arabia : Arabian American Development Signs New Contract With Petrochemical Joint Venture in Middle East.
- Article from:
- TendersInfo
- Article date:
- September 4, 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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Byline: manish03
Arabian American Development Co. (Nasdaq: ARSD - News), a leader in the specialty petrochemicals industry, today announced that its petrochemical subsidiary, South Hampton Resources, Inc., has signed a three-year contract with a new customer. This customer is a joint venture between a major European petrochemical manufacturer and a Middle Eastern national petrochemical company. The Company will deliver a volume of over 5 million pounds annually for 100% of the supply of high purity C5's to the joint venture's state-of-the-art polyethylene facility. Product began shipping early in 2009 on a trial basis, and the contract which became effective ...