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    <title>Jotun opens Saudi plant</title>
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    <pubDate>Thu, 19 Nov 2009 11:24:27 +0400</pubDate>
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        Jotun Saudia, a subsidiary of the Norwegian paint and coatings producer Jotun A/S, has inaugurated its new SR100m paint factory in Saudi Arabia. With the inauguration of the new factory, Jotun's installed production capacity in the kingdom has increased to 110 million litres of paint, making it one of the largest in the Middle East.
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    <title>SaudConsult, Technip plan engineering JV</title>
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    <pubDate>Thu, 19 Nov 2009 11:08:33 +0400</pubDate>
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        Saudi Arabia-based multi-disciplinary engineering and architectural firm, SaudConsult has signed a memorandum of understanding with Technip France to set up a 50-50 joint-venture firm aimed at developing a new engineering centre in Saudi Arabia. Located in Al Khobar, the new company will focus on front end engineering design, detailed engineering, procurement and construction management services. Pending regulatory clearance, the new joint-venture is expected to begin operations by mid 2010.
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    <title>Lecico to build Egypt tile plant</title>
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    <pubDate>Wed, 18 Nov 2009 10:51:57 +0400</pubDate>
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        Lecico, the Egyptian ceramics manufacturer, has announced it will build a $42m tile factory to take advantage of strong demand and the growing profitability of its business, Reuters has reported. The plant, near the northern port city of Alexandria, will produce red body tiles in the second quarter of 2011, followed by porcelain tiles in the fourth quarter. The first phase will cost $27.5m. The second phase, which will cost $14.5m, will expand production of red body tiles in mid-2013 and porcelain tiles in early 2015. Lecico exports around 25% of its tiles to other countries in the region.
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    <title>IPIC eyes European takeovers</title>
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    <pubDate>Wed, 18 Nov 2009 10:46:02 +0400</pubDate>
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        Khadem al-Qubaisi, managing director of Abu Dhabi's International Petroleum Investment Co. (IPIC) has announced that the firm is negotiating the takeover of five companies including Bayer's  MaterialScience division, Reuters has reported. IPIC expects to close a European acquisition by the first quarter of 2010, he said. 'It's a big deal. We're looking to buy a very big petrochemical company in Europe. It's in petrochemicals and specialities also. Bayer MaterialScience is one of the companies we've been talking to,' al-Qubaisi said.
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    <title>ADBIC inks aluminium extrusion MoU</title>
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    <pubDate>Wed, 18 Nov 2009 10:44:34 +0400</pubDate>
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        Abu Dhabi Basic Industries Corp. (ADBIC) has signed a memorandum of understanding with Gulf Extrusions Co. aimed at establishing a $100m (Dhs368m) aluminium extrusion plant in Taweelah. Construction of the plant is expected to begin in the third quarter of 2010 at the Khalifa Port and Industrial Zone in Taweelah. The plant will produce 50,000 tons per annum of aluminium extrusion and extrusion-based niche-oriented products, such as high-end architectural systems and automotive and engineering extrusions, using environmentally-friendly processes.
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