ITOCHU Announces Expansion of Manufacturing Facilities at Manufacturing Plant for Reverse Osmosis Membrane Elements for Desalination in Saudi Arabia
June 3, 2014
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that ITOCHU Plantech Inc. (hereinafter “ITOCHU Plantech”), a wholly owned subsidiary of ITOCHU, has expanded the manufacturing facilities at a manufacturing plant for reverse osmosis membrane elements in Rabigh City in western Saudi Arabia that was established jointly with ACWA Holding of Saudi Arabia (hereinafter “ACWA”) and Toyobo Co., Ltd. (hereinafter “Toyobo”).
The completion ceremony for the expansion of the Rabigh plant of Arabian Japanese Membrane Company, LLC (AJMC) was held on May 29, attended by H.E. Dr. Al-Ibrahim, the Governor of Saline Water Conversion Corporation and officials from ACWA, Toyobo, ITOCHU and ITOCHU Plantech.
Positioned in the growing seawater desalination markets of the Middle East, this joint venture, AJMC, takes advantage of the extended facilities and aims to distribute reverse osmosis membrane elements for seawater desalination not only in Saudi Arabia, but also in other regions of the Middle and Near East as well as in the countries of North Africa.
Profile of Joint Venture
|Corporate Name||Arabian Japanese Membrane Company, LLC|
|Capital||23.6 million SAR (approx. 600 million yen)|
|Investment Ratio||ACWA 49%, Toyobo 36.1%, ITOCHU Plantech 14.9%|
|Plant Location||Rabigh Plus Tech Park, Rabigh City, Saudi Arabia|
|Description of Business||Production and distribution of reverse osmosis membrane elements for seawater desalination|