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Business

Japan’s Toray Sets Up Saudi Water Venture

by Jean-François Tremblay
March 3, 2014 | APPEARED IN VOLUME 92, ISSUE 9

Toray Industries and local partner Abunayyan Holdings have formed a 50-50 venture that will spend $80 million on a plant in Saudi Arabia to produce reverse-osmosis water treatment membranes. The plant is expected to open next year. Demand for membranes used in desalination and wat­er-recycling plants is strong in the Middle East and northern Africa, Toray says. The new plant will be similar to Toray facilities in California, Japan, and China.

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