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• Saudi SABIC 9-month net profit up 8 percent

  - 2008-10-18

  RIYADH AFP — Saudi Basic Industries Corp SABIC announced on Saturday preliminary net consolidated profit of 21.71 billion riyals (5.7 billion dollars) for the first nine months of 2008, an increase of eight percent on a year earlier. However, third-quarter net profit fell two percent to 7.24 billion riyals...

  Tags: Agence France-Presse, Saudi Basic Industries Corp.

• SABIC profits up 13 pct in first half of 2008

  - 2008-07-19

  RIYADH AFP — Petrochemical giant Saudi Basic Industries Corp SABIC on Saturday announced first-half net profits of 14.5 billion riyals (3.8 billion dollars), 13 percent up on the first six months of 2007. SABIC's vice chairman Mohammed al-Mady, in a statement, said the increase came despite a hike in...

  Tags: Agence France-Presse, Saudi Basic Industries Corp.

• Saudi Kayan Petrochemical

  - 2008-06-23

  Saudi Kayan Petrochemical, an affiliate of Saudi Basic Industries Sabic, has secured $6bn funding to finance the construction of what is claimed will be the world's largest integrated petrochemical complex in Jubail City, Saudi Arabia. The complex is due on-stream in Q4 2010.

  Tags: Saudi Basic Industries Corp.

• Sabic IP may import PE, PP to US market.(Plastics News Executive Forum)

  - 2008-03-24

  Byline: Frank Esposito Sabic Innovative Plastics no longer needs quarters to make change. Since the firm - formerly GE Plastics - was acquired by Saudi Basic Industries Corp. last year, it's been able to take a different approach to how...

  Tags: General Electric Co., Saudi Basic Industries Corp.

• JOINTLY-FUNDED PETROCHEMICAL PLANT PROJECT WITH USD1.7BN SETTLED IN TIANJIN

  - 2008-02-06

  According to fdi.gov.cn: Recently, Saud, board chairman of Saudi Basic Industries Corporation SABIC and Su Shulin, board chairman of Sinopec entered into a framework agreement in Beijing, which stood as the first step of building a petrochemical plant with investment of USD1.7bn in Tianjin jointly. It was known that both...

  Tags: Saudi Basic Industries Corp.

• CHINA: JOINTLY-FUNDED PETROCHEMICAL PLANT PROJECT WITH USD1.7BN SETTLED IN TIANJIN.

  - 2008-02-06

  According to fdi.gov.cn: Recently, Saud, board chairman of Saudi Basic Industries Corporation SABIC and Su Shulin, board chairman of Sinopec entered into a framework agreement in Beijing, which stood as the first step of building a petrochemical plant with investment of USD1.7bn in Tianjin jointly. It...

  Tags: Saudi Basic Industries Corp.

• Qatar Petrochemical Producers Are Worried High Oil Prices Could Hurt Them.

  - 2007-12-10

  The Gulf Petrochemicals and Chemicals Association GPCA, which groups the main companies in this sector in the Middle East, are warning that relatively high crude oil prices may slow economic growth in the US and China and cause demand for chemicals to fall. The GPCA members are...

  Tags: Saudi Basic Industries Corp.

• Plastics supplier Sabic touts materials on concept car; Hyundai QarmaQ will be displayed at L.A. auto show.(Suppliers)(Saudi Basic Industries Corp.)

  - 2007-10-22

  Byline: Rhoda Miel Creating materials is one thing. To get the auto industry to do something with those materials is another. So supplier Sabic Innovative Plastics is taking its technology to its customers. Sabic worked first with General Motors to create a...

  Tags: General Electric Co., Hyundai, Sabic, Saudi Basic Industries Corp.

• Saudi Arabia intensifies reform efforts to improve competitiveness.

  - 2007-07-31

  Jul. 31--In its latest brief on economic and financial developments in Saudi Arabia, National Bank of Kuwait NBK examined the Kingdom's investment programs and policies aimed at expanding production capacity across the oil and gas sectors, and diversifying the economy by improving competitiveness and developing new...

  Tags: Saudi Basic Industries Corp.

• The World's Biggest Bargain Basement

  - 2007-06-18

  Globalization has transformed Russia, India and China--all formerly bastions of state control--into beacons of helter-skelter capitalism and entrepreneurship. But the same forces that are stripping governments of their assets are turning those same governments into powerful private-sector investors. And now they're buying American. General Electric recently sold its plastics unit...

  Tags: Saudi Basic Industries Corp.