Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

SAUDI ARABIA

Ibn Rushd To Boost PET Capacity To 300,000 T/Y

Yanbuʹ-based Arabian Industrial Fibers Company (Ibn Rushd) plans to boost its production of polyethylene terephthalate (PET) by 230,000 tons/year to 300,000 t/y, according to parent company Saudi Basic Industries Corporation (SABIC). The expansion is expected to come on-stream in 2Q 2007. SABIC owns 48.93% of Ibn Rushd, with the remaining shares owned by a group of local and...