Qatar Industrial Manufacturing and KLJ Organic Qatar Sign a Joint Venture Agreement

 

November 28, 2016

 

Qatar Industrial Manufacturing Company announced that it has signed an agreement on November 27, 2016 for setting up of a calcium chloride plant in Mesaieed Industrial City under the name of United Chemicals W.L.L. The new proposed plant will produce 60,000 tons per year of calcium chloride. Newly formed JV shall also market hydrochloric acid and calcium chloride. further, JV is also discussing other business synergies.

 

KLJ Organic Qatar is a JV between Qatar Industrial Manufacturing Company (QIMC) (60% Shareholding) and KLJ Organic Limited, India (40% Shareholding). Located in Mesaieed Industrial Area, KLJ Organic Qatar will manufacture chlorinated paraffin wax, caustic soda pills, hydrochloric acid and sodium hypo chlorite.

 

Gulf Chlorine W.L.L is a JV between Oman Chlorine S.A.O.G and Al Mirqab Capital. The plant is located in Mesaieed Industrial City (MIC) Situated at a proximity to the world-class export port terminal. Gulf Chlorine will be producing chlor-alkali derivatives, employing the latest state-of-the-art membrane technology and distributed control system, while catering for the oil & gas sector demand. gulf chlorine will manufacture hydrochloric acid, caustic soda lye caustic soda flakes and sodium hypochlorite. 

 

The agreement was signed by Mr. Abdul Rahman A. Al-Ansari, CEO of QIMC & Board Member of KLJ Qatar and Mr. Fouad El Bacha the CEO of Gulf Chlorine. The signing ceremony was also attended by a number of officials from both organizations. 

 

On the occasion, Sheikh Abdul Rahman Bin Mohamed Bin Jabor Al-Thani, The Chairman of QIMC and KLJ Qatar said “This Agreement will go a long way in providing a long-term partnership between us and is a strong sign of the confidence on the strong economy of Qatar. we are focused on playing our part in the development of this great country and we would like to be one of the recognized players in supporting Qatar’s National Vision 2030”.

 

Mr. Abdul Rahman A. Al-Ansari The CEO of QIMC Said “The new JV shall contribute to country’s non-oil sector growth. this collaboration between our two companies will strengthen our relationship and will grow further in the years to come. this project will also positively contribute in our expansion plans which are based on our strategy for development of the industrial sector in Qatar with emphasis on utilizing locally available raw materials, improving skills and employment among the Qataris.”

 

Mr. Fouad El Bacha Said “this project will open up avenues to the downstream industries and create opportunity for new employment. new JV shall also jointly study and oversee other investment opportunity in Qatar.”