Dubai, United Arab Emirates (UAE) - March 01, 2009
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Dow and E.A. Juffali & Brothers' business relationship first began in 1976 when Juffali became Dow's distributors and sales representatives in KSA. Nine years later in 1985, the companies joined forces to form a joint venture, the Arabian Chemical Company (Polystyrene) Ltd. (ACC PS) for the production of STYROFOAM™ brand insulation. A second joint venture was established in 1993, Arabian Chemical Company (Latex) Ltd. (ACCL), for the production of carpet and construction latex, with the addition of paint in 1998 and paper in 2008. ACCL has helped promote the carpet industry in the region, establishing Saudi Arabia as the largest producer of carpet latex after the United States and Belgium. To cater to growing demand in new geographies, ACCL is presently reviewing added capacity.
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The combined output of both entities includes products like energy-efficient STYROFOAM™ brand insulation, roof, wall and floor insulation, as well as added value products including pipe insulation, inserts in thermo blocks, inverted roof tiles, gypsum board laminates, and styrene butadiene latex for carpet, construction, paper industries and styrene acrylate latex for paint industries. STYROFOAM™ insulation has widely been used in world-class projects in the Middle East: Ski Dubai, one of the largest indoor ski resorts in the world, uses Dow STYROFOAM™ to fulfill low temperature requirements. Pioneering buildings such as the newly-opened Atlantis Hotel, Dubai Mall, and the world's tallest tower, Burj Dubai, also rely on STYROFOAM™ for their insulation needs.
"Dow's partnership with Juffali has led to the establishment of two solid and successful companies with sustainable growth over a period of thirty years, while also contributing to the diversification of the Saudi economy," said Earl Shipp, president, Dow Chemical India, Middle East & Africa (IMEA). "At Dow, we believe that a successful joint venture provides both partners with access to new markets and new growth opportunities, and our win-win joint venture with Juffali is a testament to our belief".
"Our joint venture relationship with Dow has seen tremendous success over the years. The products manufactured at our plants have enabled us to become leading suppliers across three continents," said Dr. Souhail El-Farouki, General Manager, Juffali Chemical. "Our long-standing relationship with Dow has allowed both companies to leverage each other's best-in-class capabilities in order to cater to the growth and needs of our customers across emerging regions. We look forward to continued partnerships and success with Dow in Saudi Arabia and beyond".
About Dow in the Middle East
Dow has several current and proposed operations throughout the Middle East. From the opening of its first commercial office in Cairo in the early 1970's, its facility in Jebel Ali in Dubai and its successful joint ventures like EQUATE, MEGlobal and Arabian Chemical Company to its proposed integrated chemical production facility at Ras Tanura in Saudi Arabia, Dow has established itself as a solid partner in the Middle East petrochemicals industry. Dow's commitment to the Middle East has also been extended through support for community programs like the Lothan Youth Achievement Center (LoYAC) in Kuwait, Emirates Environmental Group in the UAE and is an active investor in the region's future, by supporting the Young Arab Leaders (YAL) across the region. More information about Dow can be found at http://www.dow.com/imea/me
About Dow
For Editorial Information:
Mira Meghdessian
Dow Chemical India, Middle East & Africa (IMEA)
t +971.4.312.3635 (office)
Gaya Subramaniam / Gaurav Bhatnagar
GolinHarris
t +971.4.332.3308
gsubramaniam@golinharris.com / gbhatnagar@golinharris.com
