Najran Cement has agreed a deal to buy a 30% stake in Projects Supply Company - a transport and logistics specialist. The cement producer has said that the deal will allow it to better serve its own customer base as well as allowing it to ...
At least 150 workers at CSR’s Viridian glass-making factories in western Sydney confront the closure of their plants and the destruction of their jobs, in the latest of the swathe of job cuts sweeping through the manufacturing sector ...
Tags: glass workers, glass, glass making factories
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and Tobago. The negotiations for constructing a methanol complex were stopped after SABIC ...
Tags: SABIC, Methanol Plant, Trinidad
Reportedly, Saudi Basic Industries Corporation (SABIC), the Gulf Cooperation Council's largest steel producer, will aim to increase its wire rod annual production capacity to 700,000 tons in the second quarter of this year. Meanwhile, ...
Tags: SABIC, wire rod output, steel producer
FibeRio, the developer and manufacturer of ground breaking Forcespinning® nanofiber production systems today announced it has completed a $13M capital raise led by two global strategic investors - SABIC Ventures B.V., Saudi Basic ...
FibeRio, the developer and manufacturer of Forcespinning® nanofibre production systems, has raised $13 million in capital from two global strategic investors. The investors are SABIC Ventures B.V., Saudi Basic Industries ...
The Kingdom of Saudi Arabia has a huge petrochemical industry, but it has not translated into growth of downstream textile industry in the country. By 2015, the overall output of Saudi petrochemical industry is likely to cross 80 ...
Tags: Saudi Arabia, petrochemical industry, textile industry
The European physical naphtha market and forward spreads have come under heavy pressure in recent days as weak LPG values have led some petrochemical end-users to turn their attentions to cracking propane, traders said Friday. Platts ...
Tags: naphtha, LPG, propane, petrochemical
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
Reuters reported that 5 international engineering firms have bid to build 50,000 tonnes per year polyacetal plant at Ibn Sina an affiliate of Saudi Basic Industries Corporation. SABIC said in 2010 the project, producing a plastic which is ...
Tags: polyacetal plant, plastic waste, steel construction, car industry
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
Saudi Basic Industries Corporation plans seriously to expand its investments in China through the implementation of new expansion at the JV project, (SABIC Sinopec), in Tianjin owned equally between the two sides. Mr Mohamed Al Mady vice ...
Tags: SABIC, Sinopec, petrochemical
HMS Group issued the following statement regarding orders received during Q3 2012. Highlights In Q3 2012, order intake under management accounts more than doubled, up 149% YoY and amounted to Rub 10.9 bn (USD 356 mn [1]) versus Rub 4.4 bn ...
Tags: market view, industrial pump
Chinese production of silicon metal (silicon content is 98.5%), the production of original metallurgical silicon, chemical metal silicon (silicon content is 99.85%) since the mid-1990s to develop, in recent years, the production and exports ...
Tags: learning center, Smelting
The Saudi stock market declined 0.07 percent on its first trading day of the week. The Tadawul All-Share Index (TASI) started positively and reached the day s highest level of 7, 179.49 points in early trading, but then declined and closed ...
Tags: market view, cement