VOL. XLVI
No 14
07-April-2003
SAUDI ARABIA
SABIC Acquires 50% Stake In StaMax
Saudi Basic Industries Corporation (SABIC) EuroPetrochemicals announced on 1 April that it was acquiring Owens Cornings 50% stake in Dutch-registered StaMax BV, a joint venture formed in 1999. A statement said the move gives SABIC full ownership of this company that produces StaMax P long glass fiber polypropylene composite material. Under the new arrangement, Owens Corning will be the supplier of PerforMax glass fiber....
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