SABIC reaches for the US

Waggoner, John
December 2007
ICIS Chemical Business;12/3/2007, Vol. 272 Issue 21, p1
Trade Publication
The article offers updates related to the expansion plans of Saudi Basic Industries Corp. (SABIC) for the polymers market in the U.S. SABIC recently completed its acquisition of the U.S. engineering plastics firm GE Plastics, which will be integrated into the rest of the company starting December 2007. Moreover, the company is planning to pursue its cracker projects in China to help them take its diversified portfolio of products to the U.S. market.


Related Articles

  • SABIC Completes Purchase of GE Plastics.  // China Chemical Reporter;9/16/2007, Vol. 18 Issue 26, p7 

    The article announces on the completion of purchase made by Saudi Basic Industries Corp. (SABIC) of GE Plastics from General Electric for a total price of $11.6 billion in China on September 3, 2007. GE Plastic is named as SABIC Innovative Plastics, an additional business of SABIC which focuses...

  • Gulf has to make most of slump.  // MEED: Middle East Economic Digest;2/6/2009, Vol. 53 Issue 6, p7 

    The article focuses on the impact of the economic downturn to various petrochemical companies in the Middle East. It was found that only the Saudi Basic Industries Corp. (Sabic) acquired GE Plastics worth $11.6 billion in 2007 while other regional companies focused on developing local...

  • BMS chief happy at SABIC move. Williams, Dede // ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p26 

    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...

  • Specializing in Commodities. Naitove, Matt // Plastics Technology;Oct2007, Vol. 53 Issue 10, p9 

    The article offers the author's views on the acquisition of GE Plastics by Saudi Basic Industries (SABIC) under an $11.6-billion deal. He points out that GE is a corporation with notoriously high standards of profitability. However, its polycarbonate business was greatly affected by...

  • GE Plastics Eager to Join Sabic; Eyes Bio-Products. Alperowicz, Natasha // Chemical Week;6/13/2007, Vol. 169 Issue 20, p17 

    The article reports that GE Plastics, which Sabic is in the process of acquiring for $11.6 billion, says it is progressing with research into new products, including bio-based materials. Sabic has announced plans to grow its overall business exponentially under a strategy that aims to raise...

  • SABIC bags GE Plastics. Bains, Elizabeth; Gibson, Jane // ICIS Chemical Business;5/28/2007, Vol. 2 Issue 68, p4 

    The article focuses on the acquisition of U.S.-based GE Plastics by Saudi Arabia-based SABIC. SABIC has won the battle for GE Plastics after bidding $11.6 billion (€8.6 billion) for the U.S.-based plastics maker. The GE Plastics deal gives the Riyadh-based company a much sought-after U.S....

  • GE Plastics gives SABIC global reach. Davis, Nigel // ICIS Chemical Business Americas;5/28/2007, Vol. 271 Issue 21, p16 

    The article analyzes the benefits of the acquisition of GE Plastics by SABIC in 2007. According to the author, the deal gives SABIC important footholds in key automotive, consumer and industrial plastic markets. He claims that the acquisition will further the global expansion of the chemical...

  • BMS chief happy at SABIC move. Williams, Dede // ICIS Chemical Business Americas;6/25/2007, Vol. 271 Issue 25, p14 

    The article reports that Bayer MaterialScience CEO Patrick Thomas has welcomed SABIC's €11.6bn takeover of GE Plastics. Thomas suggested that a strategic player such as the Saudi petrochemical giant would be more willing to invest in the business than GE Plastics' current parent, and this...

  • Saudi Basic acquiring GE Plastics for $11.6 b.  // Chemical Business;Jun2007, Vol. 21 Issue 6, p88 

    The article reports on the imminent acquisition of GE Plastics, the plastics division of General Electric, by state-owned petrochemical manufacturer Saudi Basic Industries Corp. (SABIC) for $11.6 billion. The deal stands as one of the largest acquisitions of a U.S. business enterprise by a West...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics