National Petrochemical Industrial Company (NATPET)
NATPET is a closed joint stock company incorporated in the Kingdom of Saudi Arabia with its head office in Jeddah and Propylene/Polypropylene Complex in Yanbu Industrial City to produce Propylene, Polypropylene and its derivatives, having a name plate production capacity of 400,000 tons per year of polypropylene. The authorized and paid up capital comprised 107 million shares of SR10 per share as at 31 December 2018.
Bonar-Natpet is a joint venture (JV) between NATPET and Low & Bonar PLC (listed on London Stock Exchange) of the United Kingdom, to produce geotextile products for the fast growing civil engineering infrastructure markets in the Middle East and the Indian subcontinent. The plant has a capacity of 17,300 tons/year of staple fiber and 9,600 tons/year of nonwoven geotextiles.
NATPET SCHULMAN SPECIALTY PLASTIC COMPOUNDS
Natpet Schulman Specialty Plastic Compounds (NSSPC) is a 50:50 joint venture between Natpet and A. Schulman Europe International B.V., an affiliate of A. Schulman, Inc., one of the leading global suppliers of high performance engineering plastics, specialty resins and master batches.
The JV is building a state-of-the-art manufacturing facility in Yanbu to produce customer preferred polypropylene compounds for use in automotive, home appliances, electrical & electronics and construction applications. Building is in the final stage of construction. Equipment shipments have started arriving at plant site in Yanbu.