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Saudi Arabia (711)


SAUDI ARABIA

Saudi firms report mixed results
Saudi Kayan, a Sabic affiliate, today reported a 54.6% rise in third-quarter net profit to 66.91 million Saudi riyals ($17.8 million) compared with the year-earlier quarter. Operating profit was 3% higher at SR203.92 million. Net loss in the first nine months...

Sipchem's third-quarter profits slide
Sipchem today reported a 13% decrease in third-quarter net profit to 160.6 million Saudi riyals ($42.8 million) and a 15% drop in operating profit to SR270.0 million. Sales were not disclosed. The company cites lower sales due to unplanned maintenance...

Satorp to start supplying propylene to Advanced in October
Advanced Petrochemical Co. says it will begin receiving propylene from Saudi Aramco Total Refining and Petrochemicals Co. (Satorp; Al Jubail, Saudi Arabia) from 1 October, 2014. Advanced announced in August that it concluded a deal with Satorp to receive...

Tasnee to raise stake in TiO2 maker Cristal
National Industrialization Co. (Tasnee) says that it has submitted an offer on 28 September to the Gulf Investment Corp. to acquire an additional 13% stake in Cristal, the world’s second-largest producer of titanium dioxide, at a total value of 1.81...

Sabic signs deal with German company to fast-track catalysis R&D
The MOU was signed by Ernesto Occhiello, executive v.p./technology & innovation at Sabic (seated left), and Wolfram Stichert, CEO of hte. Sabic says it has signed a memorandum of understanding (MOU) with hte (Heidelberg, Germany), a high throughput...

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