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Sabic leverages resources

April 12/2012
(sabic) -- Saudi Basic Industries Corp. (Sabic), in announcing Friday the start of work on a USD100 million technology center in Shanghai, is an extension of the petrochem giants commitment in the further development of China industrial technology.

The latest development is considered as "the best possible leveraging of the investment Sabic is making."
Sabic ranks among the worlds top petrochemical companies, and is a global market leader in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers.

Sabic earlier this year signed a cooperation agreement with Sinopec of China to explore new business. Sabic currently has plants in Shanghai and Guangzhou, and is building a USD2.7 billion joint venture facility in Tianjin with Sinopec, as well as a compounding plant in Chongqing.

 

mrcplast.com

Author:Anna Larionova
Tags:PP, PS, PE.
Category:General News
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