|
(Sabic) -- Prince Saud bin Abdullah bin
Thenayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu and
Chairman of SABIC, received at the SABIC headquarters in Riyadh on September 15,
a high-level Chinese delegation, headed by Zhang Gaoli, Member of the Political
Bureau, Central Committee, Communist Party of China (CPC), and Secretary of the
CPC Tianjin Municipal Committee.
Prince Saud praised the strong relationship between Saudi Arabia and
China as well as the efforts of the leaderships of the two countries to develop
these ties at all political, economic and technological levels. He lauded the
strong growth of the Chinese economy, which has, in turn, boosted SABIC’s
presence in the Chinese market.
Experts expect the annual demand for petrochemicals in China to grow
above 10 percent over the next ten years. SABIC has announced its plans to
establish a USD one billion high-tech SABIC advanced polycarbonate
technology plant in Tianjin City, China with an annual capacity of 260 KT to
meet the growing demand for plastics in the country. The project will provide an
opportunity to the company to grow in the market for high performance
engineering thermoplastics, and meet the growing demand for SABIC advanced
polycarbonates in China.
mrcplast.com
|
