Manufacturing Industry

Sabic seeking global ventures.(Saudi Arabian Basic Industries; Linde AG; Jubail United Petrochemical Co. Petrokemya)(Brief Article)(Statistical Data Included)

Plastics News, November, 2001 by Grace, Robert

DUSSELDORF, GERMANY - Deep-pocketed petrochemical and polyolefins giant Saudi Basic Industries Corp. confirmed at the K show that it is in talks related to plastics acquisitions and joint ventures on multiple continents with various parties, including Italy's EniChem SpA and the Netherlands' DSM NV.

``Some of these are in an advanced stage, especially in Europe,'' Mohamed H. Al-Mady, vice chairman and managing director, said Oct. 27 at the Dusseldorf trade show. But, he added, ``We have no timetable for conclusion. We are flexible.'' Noting that Sabic traditionally has chosen to expand via the joint venture route, Al-Mady said: ``We have had discussions with leading companies in the U.S., Canada, Europe and Japan. We have had discussions with EniChem, DSM...

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