JV Established between Two Qatar Companies for LED Facility Construction
CHEMMONITOR.COM - Qatar-based companies, Qatar Intermediate Industries Company Ltd., (Alwaseeta) and Qatar Korea LED Consortium (QKLC) established a JV to build a light-emitting diode (LED) systems manufacturing plant in Qatar. The project, which is Qatar-Korea LED Project (Q-LED), will initially have a production capacity of about 155,000 LED units annually. Qatar Intermediate Industries Company Ltd. possesses 75% share in the JV, while the other party owns 25%.
The project is predicted to be carried out in two phases.