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Mon 13 Sep 2010 10:04 AM

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Sabic may seek to make chemicals buyouts - paper

Saudi company also eyeing areas like nylon, polyurethane and synthetic rubber.

Sabic may seek to make chemicals buyouts - paper
SAUDI SABIC: The Saudi is company also eyeing areas like nylon, polyurethane and synthetic rubber, Handelsblatt said.(Getty Images)

Saudi Basic Industries Corp is interested in partnerships and acquisitions as well as entering business areas like nylon, polyurethane and synthetic rubber, Handelsblatt said, citing Chief Executive Officer Mohamed Al  Mady.

While the CEO doesn’t rule out further acquisitions in the petrochemical sector, Sabic could be hindered by antitrust rules because of the Riyadh-based company’s size in that area, the German newspaper said, citing an interview with Al Mady. (Bloomberg)

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