Third systems house to be added soon
Report by Liz White, editor
Syrian-based polyurethane company Baalbaki Chemical Industries is so convinced of continuing high growth in the Gulf States and urther afield in the Middle East and North Africa that it plans to set up a network of systems houses in the area.
“It is no secret, we’ve already publicised that we plan to invest in further systems houses in our territory,” explained Hassan Baalbaki, managing director of the polyurethanes business unit of Syrian group Baalbaki.
Baalbaki already has a highly integrated operation, with two plants, and another one nearly operating: “Currently we are located in Syria, and have also a plant in the United Arab Emirates (UAE),” (see box p44),” with a third systems house about to start operating in an unspecified location in the Middle East.
For Baalbaki, integration means that, as well as making polyester polyols, isocyanate prepolymers, formulated polyurethane systems and thermoplastic polyurethanes, the company has moved downstream into flexible foam for bedding, rigid foam, discontinuous insulation panels for the construction industry, mobile spray foam, adhesives and more, said Baalbaki.
The polyurethanes unit is a fully owned family business, alongside other Baalbaki interests in real estate, banking and clothing. “Our number of employees (in the chemicals business) is about 580 going up to about 620 in the next 1-2 months,” Baalbaki added.
For polyurethanes, “we…