2013 Exhibitions
Songwon Additive Technologies AG and Polysys Industries have recently announced their new venture, Polysys Additive Technologies, which will be located in the Middle East.
The construction of the OPS (One Pack Systems) manufacturing plant in Kizad (Khalifa Industrial City of Abu Dhabi), Abu Dhabi, which will have an initial capacity of approximately 7.000 metric tonnes is expected to be completed in 12 months. The plant will complement the establishment of Songwon Additive Technologies AG, a joint Venture between Songwon Industrial Group, Pan GulfHoldings of Saudi Arabia and Polysys Industries of Abu Dhabi, for the manufacture and sale of Songnox OPS.
: “The new plant will have an initial capacity of approximately 7.000 metric tonnes, however it will be designed to take into consideration increasing demand in the future, and we expect that construction will be completed in approximately 12 months.
“This is a very important step for Songwon Additive Technologies AG and the Songwon Industrial Group in the development of our global OPS footprint following the acquisition of Additive Technologies Greiz and the capacity expansion which has already been implemented, “ said Maurizio Butti, Chief Operating Officer, Member of the Songwon Industrial Group Executive Committee and Chairman of the Board of Songwon Additive Technologies AG, adding , “Our aim is to be able to offer our customers, in each of the key regions, access to OPS based on the same technology and the same level of reliability and service which has supported the growth of Songwon Industrial Group in the Polymer Stabiliser market.”.
He affirmed that the Middle East is a key market for OPS and polymer stabilisers, which will significantly benefit their ventures in terms of growth and market positioning in the near future.
Mohamed Al Muhairi, Chairman of the Board of Polysys Industries agreed that the joint venture is in line with their strategy to develop businesses that will support the needs of a growing regional petrochemicals industry with local supply of critical components and raw materials.
(PRA)
