VOL. XXXII
NO. 40
10-JULY-1989
SAUDI ARABIA
NIC/Chlorine Group Sign Contract for Saudi Battery Plant
The NationalIndustrialization Company (NIC) of Saudi Arabia and Chlorine Group PLC of the UKhave signed a contract to build a joint-venture car battery plant in Riyadh atan estimated cost of SR52mn ($13.9mn). The plant, which will be owned 70% by NICand 30% by Chlorine Group, will have a design capacity of 500,000 batteries ayear and is expected to start up in the middle of 1991. It will be...
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