Specialty chemicals manufacturing joint venture

Saudi Basic Industries Corporation (SABIC)
2014 - 2015

Our attorneys represented Saudi Basic Industries Corporation (SABIC) in its US$640 million joint venture with Korean petrochemical company, SK Global Chemicals, for the manufacture of high performance polyethylene products. Yousef Al-Benyan, SABIC's Acting Vice Chairman and CEO, said, "We are very pleased to launch this partnership with SK Global Chemical, which is the latest stage in SABIC's global expansion. By growing our presence in Republic of Korea we are opening up new markets globally and reinforcing our position as a global leader - a major goal of our 2025 strategy."

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