VOL. XLIV

No. 20

14-May-2001

SAUDI ARABIA

SABICS Production Capacity Rose To 35Mn Tons In 2000, Aiming For 48Mn T/Y By 2010

Saudi Basic Industries Corporation (SABIC), which made a net profit of SR3.63bn ($968mn) in 2000 on sales revenue of SR26.7bn ($7.12bn MEES, 26 March), increased its annual manufacturing capacity by 10mn tons to 35mn during the same period, according to its Vice-Chariman and Managing Director, Muhammad al-Mady. In a statement published in the SABIC 2000 Annual Report, Mr...