VOL. XLI
No. 51
21-December-1998
SAUDI ARABIA
SABIC Planning New Investments In Polyester Business
The Vice Chairman and Managing Director of the Saudi Basic IndustriesCorporation (SABIC), Mr. Muhammad al-Mady, announced last week that SABIC is planning newinvestments in its polyester business over the next three to four years in response torising demand. SABIC believes that it will be feasible to expand its polyester capacity by250,000 tons/year by the year 2001-2002 after the commissioning in...
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