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Dec 22 2005

Saudi Arabia: NAMA Approves Strategic Plan

RIYADH, 22 December 2005 -- Arabian Industrial Development Company (NAMA) announced that its board had approved the strategic plan for the company which includes increasing production of epoxy units to 60,000 tons annually in 2007. This expansion represents 5 percent of the world demand for epoxy.

The board also approved conducting studies to raise production capacity to 120 thousand tons annually by 2010.

© Arab News 2005

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