TITLE

BMS chief happy at SABIC move

AUTHOR(S)
Williams, Dede
PUB. DATE
June 2007
SOURCE
ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Bayer MaterialScience Inc. (BMS) chief executive officer (CEO) Patrick Thomas has welcomed SABIC $15.6 billion takeover of GE Plastics, with a plan to require the company's polycarbonate (PC) business to perform better in Europe. Thomas suggests that a strategic player such as SABIC, the Saudi petrochemicals giant, would be more willing to invest in the business than GE Plastic's current parent, which will eventually help to drive the market forward.
ACCESSION #
25636624

 

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