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February 21, 2014

Toray and Abunayyan launch water-treatment JV in Saudi Arabia

Mary Page Bailey

Toray Industries Inc. (Tokyo, Japan; www.toray.com) and Abunayyan Holding (Riyadh, Saudi Arabia) have launched a joint venture (JV) for water- and wastewater-treatment technologies. The JV will be called Toray Membrane Middle East LLC (TMME). The projected investment for the JV, which will sell water-treatment membranes and provide technical services, is $80 million. TMME plans to construct a new production facility for reverse-osmosis membrane elements located in Damman, Saudi Arabia. Production at the facility is expected to begin in 2015.

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