Business

SABIC, South Korean Chemicals Inc. sign agreement to manufacture high quality polyethylene

RIYADH-  Saudi Basic Industries Corporation “SABIC” and South Korean Chemicals Inc. International Ltd., signed in the Korean capital of Seoul yesterday(May 26th) a joint venture agreement to manufacture a set of high quality polyethylene products, by using the technology (Niekslin ™), and they are now working to obtain regulatory approvals.

The agreement was signed by SABIC’s Vice Chairman of Board of Directors and Chief Executive Officer Engineer Mohamed bin Hamad Al-Mady while the South Korean company was represented by its Vice Chairman of Board of Directors and Chief Executive Officer Ja-Young Ku.

It is worth mentionening that the $ 595 million joint venture is owned equally between the two parties.-SPA

GDMAIL STAFF

Recent Posts

L&T Secures Major Orders Across Saudi Arabia, UAE, Kuwait, and India

By Jessica Roberts RIYADH— Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured…

2 months ago

UAE Arrests Three Uzbek Nationals Over Murder of Moldovan Rabbi Tzvi Kogan

The UAE has confirmed the arrest of three Uzbek nationals in connection with the murder…

4 months ago

Mostafa Bin Abdullatif Investments Celebrates 100 Years of Excellence

Dubai: Mostafa Bin Abdullatif Investments (MBAL Group), has announced the return of Chubbsafes Corporate Golf…

5 months ago

Fraud and Forgery: Koyenco Owner Moideen Koya Files Case Against Two Sons

By Vishwanath Mannarakkal P.P. Moideen Koya, the founder and managing director of  Koyenco Group, is…

5 months ago

Al Islami reaffirms commitment to food innovation with platinum partnership at Future Food Forum 2024

Dubai: Al Islami Foods, a UAE pioneer in the wholesome food products sector and a…

5 months ago

The Connection Between Oral Health and Overall Well-Being

Did you know that the state of your oral health can provide insights into your…

6 months ago