SAUDI ARABIA

Sabic Reorganizes Plastics Business To Highlight Specialties

Saudi petrochemicals giant Sabic is breaking up its Innovative Plastics business unit, which last year produced 1.5mn tons of polymers and chemicals. Commodity products will be taken into the existing Chemicals and Polymers business units, while specialty chemicals will form the basis of a new Specialties business unit. The new structure will be in place by 1 January 2016.

The reorganization will address the...