Tuesday, December 08, 2009

With guarded optimism, SABIC estimates 2010 as a positive year

Saudi Basic Industries Corp (SABIC), the world's number one petrochemicals company by market value, has "guarded optimism" that prices will recover in markets of USA, China and Europe. Demand in Europpe was still sluggish but business in the Far East, including China, was much better for SABIC and business in India was also very good, Mohamed al-Mady said in an interview.

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