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(Arabian Oil and Gas) -- Saudi
Basic Industries Corporation (SABIC) is again subject to anti dumping investigation
in European market on its polyethylene terephthalate (PET) products, after being
subject to ADD on polypropylene in India, SABIC said in statement.
“The European Commission has, on Wednesday 16th February 2011, following
a complaint by the Committee of PET Manufacturers in Europe, initiated
anti-dumping and anti-subsidy investigations with respect to imports of PET
originating in or exported from Oman and Saudi Arabia,” SABIC said in email to
Arabianoilandgas.com.
“SABIC and its affiliated company Ibn Rushd are studying the
complaint and will coordinate with the Saudi Government, in preparing their
response. SABIC and Ibn Rushd will cooperate fully with the European Commission
investigation,” it added.
“As one of the world’s foremost petrochemical companies, SABIC and Ibn
Rushd are committed to complying with their obligations under international laws
and treaties, including those with which the investigation is concerned,” SABIC
added.
mrcplast.com
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