Sabic affiliate Nusaned has signed an investment agreement through the Nusaned Fund, with the Green Kingdom Industries (GKI) and the Italian company (AMUT), to establish a plant for recycling polyethylene terephthalate (PET) bottles in Rabigh.
Sabic unit signs deal for local production of PPE
RIYADH, December 24, 2020 Nusaned Investment, an investment company owned by Sabic, has signed an agreement with Abdulaziz & Brothers Company (A&BC). A&BC will own and operate a manufacturing facility of Personal Protective Equipment (PPE). The deal between Nusaned Investment, through Nusaned Fund managed by Albilad Capital, and A&BC will further strengthen the position of the company and accelerate its development as well as its regional and domestic outreach. A&BC is a new manufacturing facility located in Jubail specialized in producing PPE, specifically helmets, protective glasses and cut resistant gloves for the industrial and construction sectors. A&BC, which will be one of the first local producers of PPE in the Kingdom, has also entered into an agreement with a global leader in the PPE industry.
KSA Business: Nusaned signs deal to promote local PPE production gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Nusaned signs deal to promote local PPE production
RIYADH, December 21, 2020 Nusaned Investment, a Sabic-owned investment company, has signed an investment agreement with Abdulaziz and Brothers Company (A&BC) to own and operate a manufacturing facility of personal protective equipment (PPE). The deal between Nusaned Investment, through Nusaned Fund managed by Albilad Capital, and A&BC will further strengthen the position of the company and accelerate its development as well as its regional and domestic outreach. Located in Jubail, A&BC is a new manufacturing facility specialised in producing PPE specifically helmets, protective glasses and cut resistant gloves for the industrial and construction sectors. It will be one of the first local PPE producers in the Kingdom.