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Saudi Basic Industries Corp will go ahead with building a petrochemical complex in southeastern China's Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties...
The complex will produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia.
SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
Saudi Basic Industries Corp , one of the world's biggest petrochemical companies, on Thursday posted an almost 17% dip in third-quarter revenues that swung its earnings into a net loss. ...
The company reported a $768m loss for the third quarter amid weaker demand