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SABIC subject to anti dumping investigation in European market

February 22/2011

(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 worlds 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.


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