US Arabian American Development changes name to Trecora

17 June 2014 17:12 Source:ICIS News

HOUSTON (ICIS)--Arabian American Development, a Texas-based specialty chemicals company, is changing its name to Trecora Resources, the company announced on Tuesday.

"Where Arabian American had originally been established in 1967 as a mining development company focused on the properties in Saudi Arabia, over time we have morphed into a successful petrochemical company based in southeast Texas," CEO Nick Carter said.

The name change is effective on Wednesday and the company will now trade as TREC on the New York Stock Exchange.

The company produces isopentane, pentane, cyclopentane, petroleum ether, isohexane and hexane, according to its website.

By Jessie Waldheim