SABIC has no plans to build petrochemical plants in China and India

Saudi Basic Industries Corporation (SABIC), one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals, issued a statement saying that published reports which said that the company is planning to build petrochemical plants in China and India are “inaccurate.” The news item was filed by Reuters and quoted an article published in Al-Eqtisadia Arabic daily. (December 4, 2011)