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Sipchem's affiliate SMSC acquired Swiss petrochemical Aectra SA

December 19/2011

(Arabian oil and gas) -- Saudi International Petrochemical Company (Sipchem) said that its affiliate, SMSC has acquired Aectra SA, a Swiss petrochemical trading and marketing company. Ahmad Al-Ohali, chairman of Sipchem and SMSC stressed that the acquisition of Aectra was an important milestone for Sipchem: Aectra SA gives Sipchem immediate access to experienced and proven marketing, logistics and trading expertise in the key European market.

Sipchem's affiliate SMSC acquired Swiss petrochemical Aectra SA

Rene Fresco, Aectra CEO, reiterated that Aectra SA and Sipchem are a winning combination and confirmed that all members of the Aectra SA team were excited about working with Sipchem to grow the customer base and to provide service excellence to all customers throughout Europe, both big and small.

Aectra SA was established in 1995 and is located in Lutry, Switzerland. Aectra SA has an established network of agents and customers throughout Europe. It enjoys good professional relationships with major producers and its employees have proven experience in European logistics.

Author:Marina Ivanova
Category:General News
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