Sabic venture to tap China's plastics demand
from The Wall Street Journal
Saudi Basic Industries Corp., the Middle East's largest listed company, said that it plans to build a $1 billion polycarbonate plant in northern China with joint-venture partner Sinopec, tapping the Asian country's surging demand for plastics. The new plant at the joint venture's petrochemical complex in Tianjin will have an annual production capacity of 260,000 metric tons and is expected to be operational by 2015, Sabic said.
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