Saudi's SABIC to establish $1bn polycarbonate tech plant in China

15 September 2011 18:32  [Source: ICIS news]

LONDON (ICIS)--Saudi Basic Industries Corporation (SABIC) plans to establish a $1bn (€730m) high-tech advanced polycarbonate (PC) technology plant in Tianjin, China, the chemical manufacturer said on Thursday.

The plant will meet the growing demand for plastics in the country with an annual capacity of 260,000/tonnes and help the company grow in the engineering thermoplastics market.

The project will also meet growing demand for SABIC's advanced polycarbonates in China, the company said.

"Experts expect the annual demand for petrochemicals in China to grow above 10% over the next 10 years," it  added. 

However, China’s polycarbonate (PC) market is expected to be oversupplied in the fourth quarter of 2011, according to market sources, because of additional capacities from international producers.

($1 = €0.73)

For more on SABIC visit ICIS company intelligence
Please visit Will Beacham's Look East for Chemicals blog

By: Leigh Stringer
+44 208 652 3214

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