SABIC, Sinopec to break ground on Tianjin polycarbonate complex

02 April 2012 21:42  [Source: ICIS news]

LONDON (ICIS)--SABIC will break ground this week on a 260,000 tonne/year polycarbonate complex in Tianjin, China, the Saudi Arabia-based petrochemicals major said on Monday.

The project - a joint venture with China’s Sinopec – is expected to be fully operational in 2015. It was first announced in May 2011.

SABIC said the ground-breaking is scheduled for Tuesday (3 April).

The event will take place in the presence of a number of senior SABIC executives who are visiting China, including CEO Mohamed Al-Mady.

The executives will also attend the ground-breaking on a $100m (€75m) technology centre in Shanghai on Friday (6 April), the company said.

SABIC added that its engineering thermoplastics compounding facility in Chongqing is expected to be operational in 2013.

“China today represents the fastest growing market for SABIC globally with strong double-digit growth since 1980," Al-Mady said. 

 

"We continue to enhance our proximity to serve by strategically positioning global capacities to best meet the needs of our customers," he added.

($1 = €0.75)

By: Stefan Baumgarten
+1 713 525 2653

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