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...