Sabic sees big prospects in Chinese market

Sabic, the Middle East's largest petrochemicals company, will continue investing in the Chinese market with a new polycarbonate plant in Tianjin in the process of construction, through Sinopec Sabic Tianjin Petrochemical Co Ltd, a 50-50 joint venture with State-owned oil giant China Petroleum and Chemical Corp or Sinopec, the world's largest refiner.

"The new polycarbonate plant is expected to be operational by 2020. It will leverage Sabic's world-class advanced polycarbonate technology and maintain the company's leading position in polycarbonate resin products," said Abdulrahman Al-Fageeh, executive vice-president of the petrochemicals strategic business unit of Sabic.

Considering China's continuous efforts made to better protect foreign investments to better ensure their legitimate rights, Sabic said the company will continuously take advantage of its technical edge to focus on high quality chemical products.