Hoyer has formed a joint vehicle in the Middle East, enlarging its operating activities in the Supply Chain Solutions (SCS) division of the Business Unit Chemilog.
It has acquired 51 per cent of a Saudi company for this purpose. Further participants in the joint venture, trading under the name HOYER Middle East Ltd, are Petrochem Middle East FZE and Al Fahdah Al Arabia Trading Company Ltd with equal shares. It is the first filling and blending business of HOYER in Saudi Arabia, and therefore a significant step for the company to develop this growth market.
