NO. 30


Saudi Arabia

Yanbu's Titanium Dioxide Plant Commissioned

The new 51,500 ton/year titaniumdioxide plant at Yanbu', which is owned by the National Titanium Dioxide Company(Cristal), was officially commissioned on 21 April. The plant, which has costsome SR700mn ($187mn), was built by Bechtel and financed by two low-interestloans of $64.5mn and $24.3mn from the Saudi Industrial Development Fund (SIDF)and a commercial loan of $65mn from a group of Saudi banks (MEES, 21...