SABIC to commence production at 50,000 tpy polyacetal plant in early 2017
According to an article on Reuters, Saudi Basic Industries Corporation (SABIC) [2010.SE] is expected to commence operations at a 50,000 tonne per year (tpy) polyacetal plant, owned by its subsidiary National Methabol Company (Ibn Sina Company), early in 2017. It is worth noting that Ibn Sina Company is 50% owned by SABIC. (Reuters) SABIC: SAR70.59 as of 11 January 2016, Rating: Buy, FV: SAR100.00 per share, MCap: USD56,472 million, SABIC AB / 2010.SE
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