VOL. XLIII
No. 24
12-June-2000
SAUDI ARABIA
SABIC To Close Jiddah Steel Rolling Mill
Saudi Basic Industries Corporation (SABIC) announced on 5 June that it would be shutting down its 140,000 ton/year steel rolling mill in Jiddah (Sulb) this year. Sulb is fully-owned by the Saudi Iron and Steel Company (Hadeed) which in turn is owned by SABIC. A company statement said that while the plant had been modernized and developed in the past, its location next to the Saudi Aramco refinery meant that...
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