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SABIC, South Korean Chemicals Inc. sign agreement to manufacture high quality polyethylene
Saudi Press Agency Published in Saudi Press Agency on 27 - 05 - 2014

Saudi Basic Industries Corporation "SABIC" and South Korean Chemicals Inc. International Ltd., signed in the Korean capital of Seoul yesterday a joint venture agreement to manufacture a set of high quality polyethylene products, by using the technology (Niekslin TM), 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.

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