SABIC sees higher profits in first nine months of 2007
24 Oct '07
3 min read
"In addition we added production from the SABIC UK Company following the acquisition of Huntman's European base chemicals and polymers business in the United Kingdom at the end of 2006.”
“SABIC's total production during the first nine months of 2007 stood at 40.9 million metric tons, compared with 36.3 MMT in the same period last year, an increase of 13 percent."
"Sales rose to 32.6 MMT compared with 28.9 MMT in the same period last year, an increase of 13 percent. Revenues were SAR 86.5 billion (USD23.1 billion), an increase of 36 percent over the revenues generated in the same period last year," said Al-Mady.
Corporate consolidated financial statements for the third quarter included the results of SABIC Innovative Plastics Company (SIP), which was established at the end of August 2007 after the completion of the purchase of GE Plastics for US$ 11.6 billion. The full costs of finance will be charged to the new company.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
