Toray Industries joint venture business with Abunayyan Holding in Dammam, Saudi Arabia $80 million investment

Toray forms water treatment JV in Saudi Arabia

12:16 PM, 22nd February 2014
Toray Industries joint venture business with Abunayyan Holding

TOKYO, JAPAN/DAMMAM, SAUDI ARABIA: Toray Industries Inc, has launched Toray Membrane Middle East LLC (TMME), a joint venture with Abunayyan Holding in water and wastewater treatment technologies in Dammam, Saudi Arabia. The new company established with projected investment of ¥ 8.2 billion ($80 million) will manufacture and sell water treatment membranes in addition to providing technical services.

TMME plans to newly construct a world scale production factory by applying Toray’s production technology and Toray’s global quality control standards. The facility will begin production of reverse osmosis (RO) membrane elements beginning in 2015. As Toray continues to challenge the solution to global water issues, rising to the challenge of securing an outstanding future for Saudi Arabia, Abunayyan Holding continues to focus on how modern technology, involving innovative design and engineering, can utilize water & energy resources most economically and beneficially.

 

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