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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (1918)	4/1/2008 7:27:56 AM
From: richardred	Read Replies (1) of 7242

Saudi plastics industry seen growing strong 31 March 2008 20:56 [Source: ICIS news] Saudi plastics industry seen growing strongRIYADH (ICIS news)--The Saudi plastics industry has developed significantly in recent years, Prince Saud bin Abdullah al-Thuniyan, president of the Royal Commission for Jubail and Yanbu and SABIC chairman, said on Monday at the SABIC Plastic Forum for 2008. He said that the number of plastics factories was 100 in 1986, while it exceeded 800 now, mentioning that the acquisition of GE Plastics will give another strong push to the plastics industry in the kingdom. Prince Saud said that Saudi Kayan project will expand the industry once it goes on stream, pointing out that the plastics industry is growing by 10%/year. He expected that this growth will be enhanced by the abundance of feedstock. The two-day forum aims to grow relations between Saudi Basic Industries Corp (SABIC) and other local plastic producers. By: Abdelghani Henni 65 6780 4359 icis.com

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