Rossari International Limited has signed a landmark
Memorandum of Understanding with Sadara Chemical Company to explore the supply
of key feedstock for its proposed specialty chemicals facility in Saudi Arabia.
The agreement signals a strategic move to strengthen global supply chains and
deepen India Middle East industrial collaboration.
The signing took place at Sadara’s Business Complex in the
presence of Majed AlUteibi, Deputy Minister for Oil and Gas Technical and
Regulatory Affairs at the Ministry of Energy. The agreement was formalised
under the leadership of Fayez Alsharef, Chief Executive Officer of Sadara, and
Sunil Chari, Co-Founder and Managing Director of Rossari.
Rossari operates across textile chemicals, performance
chemicals, and animal health solutions. India’s specialty chemicals market is
estimated at over US$40 billion and is projected to grow at more than 10%
annually, driven by export demand and global supply chain realignment. The
collaboration is expected to secure critical raw materials and support
Rossari’s international expansion strategy.
The signing took place at Sadara’s Business Complex in the presence of Majed AlUteibi, Deputy Minister for Oil and Gas Technical and Regulatory Affairs at the Ministry of Energy. The agreement was formalised under the leadership of Fayez Alsharef, Chief Executive Officer of Sadara, and Sunil Chari, Co-Founder and Managing Director of Rossari.
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