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Sabic may seek chemicals acquisitions

September 13/2010

(Bloomberg) -- Saudi Basic Industries Corp. is interested in partnerships and acquisitions as well as entering business areas like nylon, polyurethane and synthetic rubber, Handelsblatt said, citing Chief Executive Officer Mohamed al- Mady.


While the CEO doesnt rule out further acquisitions in the petrochemical sector, Sabic could be hindered by antitrust rules because of the Riyadh-based companys size in that area, the German newspaper said, citing an interview with al-Mady.


You can discuss that with Geert Drummen, Sabic's CEO in Eastern Europe at "Russian Polymers Summit - 2010" international conference organized by ICIS and MRC. For more information please refer to Summit official web page.

Sabic may seek chemicals acquisitions











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