Sun Chemical Finalizes Joint Venture with Alliance Holding Company
Sun Chemical has finalized the formation of a joint venture with Saudi Arabia-based Alliance Holding Company Ltd., the parent company of Ink Products Company Ltd. It will now operate under the name Sun Chemical Saudi Arabia Ltd.
Sun Chemical Saudi Arabia Ltd. will continue to be a leading ink supplier to the packaging and publication markets in the Arabian Peninsula. The joint venture, announced in March, reinforces Sun Chemical’s commitment to the growing packaging printing markets across the Middle East.
Sun Chemical previously announced that it will own the majority share in the new joint venture. Terms of the deal were not disclosed.