Gulf Stabilizer Industries (GSI) poised for further growth in the Middle East
After the success of its 3rd extruder line dubbed NDB III, contributing 4,000 metric tones of capacity, Gulf Stabilizer Industries (GSI), a Joint Venture between Al Zamil Group Holding Co. and Chemtura Corporation, USA undertakes further capacity expansion at its facility in Al Jubail, Saudi Arabia.
The company has commenced engineering work on an additional 4,000 metric tonnes of capacity. “We successfully expanded the Al Jubail facility in March with the NDB III production line but we now need to invest further capacity to keep ahead of the growing demand for our products in the Region. With this new investment GSI will have reached critical mass and will be able to meet all of its customers’ requirements in terms of quality, service and value,” stated Fahad Al Zamil, Director of Al Zamil and GSI Vice-Chairman of the Board.
The expansion will deploy Chemtura's proprietary NDB (non dust blend) technology producing a one pack product that provides customers with both efficiency and safety benefits over the use of single powder components. "This expansion is part of our new global strategy and will support our customers’ growth with the supply of unique and cost advantaged products in countries worldwide” explained Peter Smith, General Manager of Chemtura’s Antioxidant and UV Stabilizer worldwide operations and GSI Chairman of the Board.
After this additional capacity, which will come on stream in 2010, GSI’s total annual capacity will increase to 21,000 metric tonnes.
Al Zamil Group Holding Company is a global investment company with diverse interests and capabilities in the industrial, petrochemicals and services sectors.
Chemtura is a leading global producer of polymer additives, including flame retardants, antioxidants, UV stabilizers, heat stabilizers, polymer modifiers and catalysts.