Sipchem Starts Work on New Expansion Phase

Al Saif: Securing finance for phase III. Saudi International Petrochemical Co. (Sipchem; Al Khobar, Saudi Arabia) has begun construction work on phase III of a previously announced investment program at Jubail, Saudi Arabia to build several manufacturing facilities with a combined investment value of SR3.58 billion ($954.7 million). The company has, meanwhile, awarded the engineering design, procurement, and construction contract for a low-density polyethylene (LDPE) compounding plant, which will serve the wire and cable industry, to Posco Engineering (Seoul)...

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