AME Info, Abu Dhabi, United Arab Emirates, manufacturing and industry briefs
Aug 01, 2012 (Menafn - AME Info - McClatchy-Tribune Information Services via COMTEX) --KEMYA TO START RUBBER PLANT PRODUCTION IN 2015: Saudi Basic Industries Corp (Sabic) and ExxonMobil have announced their Kemya rubber plant is to have an immediate earnings impact from its second half 2015 start, riding increased transport demand and vehicle use in the region, Africa and Asia, Reuters has reported. The 3.4bn project is aimed at both domestic and international synthetic rubber markets as the world's top oil exporter tries to strengthen its downstream industry. "I expect active markets in the Middle East, Asia and Africa for butyl rubber demand," said Stephen Pryor, president of ExxonMobil Chemical. "The (global) demand for synthetic rubber products are going much faster than GDP, for example the butyl rubber will grow in 6 percent range for a number of years, EPDM rubber will grow in a similar fashion," he added.
VOLTAMP POWER COMPLETES FIRST TRANSFORMERS ORDER: Oman-based Voltamp Power, a wholly-owned subsidiary of Voltamp Energy, has completed the testing of its first order of four power transformers, Times of Oman has reported. The transformers have been manufactured at the company's power transformer factory at the Sohar industrial area.
A'SAFFA FOODS POSTS 20 percent PROFIT ON IMPROVED SALES: Oman's A'Saffa Foods has posted a 19.6 percent rise in first-half net profit, on the back of strong growth in production and sales activities. Muscat Daily has reported. Net income reached OR2.2m in the first six months of this year, compared with OR1.84m in the corresponding period of the previous year. Total sales climbed 14.3 percent to OR11.8m from OR10.3m in the same period of last year, the firm said.
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