SABIC unit, Korea’s Global Chemical form polyethylene JV

05/07/2015 Argaam

Saudi Basic Industries Corp. (SABIC) said on Sunday its affiliate SABIC Industrial Investments has signed a $640 million deal to set up a joint venture with Korean Global Chemical Company to produce high grade polyethylene products.

 

SABIC said in a statement to Tadawul that the new project will be located in Singapore and will be financed through its own funds and commercial loans.

 

Financial impact cannot be assessed at present, the petrochemicals producer added. 

 

Nexlene Polyethylene Joint Venture

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read