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Thndr Claps » Saudi Claps » Industrials 🏗 » STP to establish factory with “Petro Rabigh” 🏭

STP to establish factory with “Petro Rabigh” 🏭

by Omar El Shorafa
December 25, 2022

The Clap
Saudi Top Plastic Factory, one of the factories owned by Saudi Top Trading (9552), signed an MoU with Petro Rabigh (2380) to establish a SAR 100mn factory over two phases.

What
The company stated that the supply of polymer scrap materials, rubber, and industrial wax for the new factory will come from Petro Rabigh.

So What
The new factory will be established on 34 thousand square meters for 30 years to produce 50,000 tons of polymer compounds, rubber, and industrial waxes annually in the Rabigh Bulk Plant.

Now What
The MoU will run for 12 months from the date of its signing.

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