VOL. XLV

No 23

10-June-2002

SAUDI ARABIA

SABIC To Create StrategicBusiness Units

SaudiBasic Industries Corporation (SABIC) on 4 June announced restructuring planswith the establishment of six strategic business units (SBUs):Basic Metals; Intermediaries; PVC and Polyester; Polyolefins;Fertilizers; and metals. To these will be added a unit forGlobal Businesses and a Shared Services Organization. The company saidthe latest developments would build on the SBU management model launched in1998, under...