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Business
Japan’s Toray Sets Up Saudi Water Venture
by Jean-François Tremblay
March 3, 2014
| A version of this story 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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