Saudi Basic Industries Corp. (SABIC) has failed to meet the projected Q4 earnings forecasts, amid the U.S. mortgage crisis that has upset demand for chemicals from automotive and construction sectors, higher feedstock costs due to swelling oil prices, as well as the cost of financing its US$11.6 billion acquisition of GE Plastics.
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http://plastemart.com/plasticnews_desc.asp?news_id=11548&P=P
Monday, January 21, 2008
SABIC Q4 earnings marred amid US mortgage crisis
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