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CW Conference: China and Mideast to Become Growth Partners; Sabic Evaluating More Chinese Investments
7:36 AM MDT | September 9, 2011 | Deepti Ramesh
“The chemical industry in China, which is growing at a fast rate, offers us opportunities to grow with it,” Abdullah Bazid, executive v.p./Corporate Strategy & Planning at Sabic tells CW. Sabic, which has a strong market position in China and is seeing double-digit growth in the country each year, says it is planning to grow its presence further in the country. The company says it is in China to mainly serve the huge domestic market. Sabic announced in May 2011 that it will build jointly a 260,000-m.t./year polycarbonate (PC) plant with Sinopec at...
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