Future Police Technology 2016
 
Friday, August 26, 2016
Directory Directory Subscribe
Login
 

Lebanon's Baalbaki buys 70% of Italy's Polysystem

 
 

Please, enter data

Please, enter data

Construction Week, 29 January 2016

Baalbaki Chemical Industries, the chemicals subsidiary of Lebanese group, Unimetco Holding, announced it has acquired the 'going concern' of Italian polyurethane systems manufacturer, Polysystem.

A going concern is a company that has the resources needed in order to continue to operate indefinitely, according to Investopedia. If a company is not a going concern, it means the company has gone bankrupt.

BCI Holding will own 70% of Polysystem; however, additional financial details about the deal are yet to be disclosed.

Group chairman of Baalbaki, Dr Ihsan Baalbaki, said: "The business will be integrated within our European subsidiary BCI‐Polyurethanes Europe, which we have established jointly with our local partners the Dollmar Group.

"With our polyester polyol integration; newly appointed and existing experienced management team; and long term dedication to the industry; we are ideally positioned to serve this market.

BCI has manufacturing facilities in the UAE, Egypt, and Italy, and operates across the Middle East region.
Construction Week
29 January

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Next phase of Qatar’s $2 billion power project soon
The Peninsula, 25 August 2016

The next phase of Qatar's mega power transmission and distribution project is expected to start in the current quarter of this year. The estimated $2bn worth ...

Read full story
Next phase of Qatar’s $2 billion power project soon
Jordan’s exports to Europe set to increase
OBG, 25 August 2016

The number of Jordanian exports to the European market is expected to rise following a newly inked deal with the EU that relaxes the rules of origin ...

Read full story
Jordan’s exports to Europe set to increase
Saudi Arabia to build two bridges linking Bahrain, Qatar
Arab News, 24 August 2016

Two bridges connecting Saudi Arabia with Bahrain and Qatar via Al-Ahsa are expected to be built in the near future, Adel bin Mohammad Al-Malham, secretary of ...

Read full story
Saudi Arabia to build two bridges linking Bahrain, Qatar
Back to Home Page 1199 --- 385 <><><> 680.83333333333.....exvideo=0....eximage=0
P 0
BR 12

Future Landscape UAE 2017

 

 
3rd Annual Future Interiors Qatar
5 - September 2016
TPLA Experience Tech UAE
5 - September 2016
2nd Annual Solar Projects Egypt
6 - September 2016
2nd Annual LightingTech Egypt
26 - September 2016
2nd Annual Smart Parking UAE
28 - September 2016
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Iraq Erbil AgroFood 2016

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Project Lebanon - 16 May - 19 May 2017  
  Energy Lebanon - 16 May - 19 May 2017  
IFP Group Events Calendar

 


Notice: Undefined variable: left3 in C:\inetpub\wwwroot\rec2008\ifpinfo\ifpinfo-news.php on line 1545

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
3rd Annual Future Drainage & Stormwater Networks Qatar
3rd Annual Future Interiors Qatar
3rd Annual Future Landscape & Public Realm Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Baghdad
Iraq Agro-Food - Erbil
Medicare Iraq - Baghdad
Project Iraq - Erbil
Saudi Arabia
PMV Series at Saudi Build
Saudi Agriculture
Saudi Agrofood
Saudi Build
Saudi Power Sports
Saudi Stone-Tech
Saudi Transport
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved