The Saudi chemicals giant began the process in January to divest its engineering thermoplastics business in the Americas and ...

Asharq Al Awsat The Saudi Basic Industries Corporation (SABIC) has completed the divestment of its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co for an ...

Saudi chemicals giant ​SABIC on Wednesday reported a sharply narrower second-quarter net loss due mostly ‌to the absence of the previous year's large one-off charges, while revenue fell 18% amid ...

The transaction was closed on August 3 after all conditions, including regulatory approvals and carve-out activities, were completed ...

NexPoint Materials debuts as independent entity after Mutares SE & Co. KGaA completes acquisition of Sabic's Engineering ...

The business, rebranded NexPoint Materials under a new chemicals and materials division, employs about 2,800 people and generates roughly $2.5bn in annual revenue.

On July 16, Chinese chemical materials giant Rongsheng Petrochemical announced that the Company and its wholly owned subsidiary Rongsheng New Materials signed with Saudi Basic Industries Corporation ...

Mutares has completed its largest deal with the $450 million EV acquisition of Sabic’s engineering thermoplastics business in ...

Sabic—among the world’s largest petrochemicals manufacturers—said its strong balance sheet would help it remain resilient amid supply disruptions and elevated energy prices.

Sabic's materials and solutions are contributing to the sustainable growth of the global automotive industry by enabling manufacturers to advance ...

Sabic has secured an R&D 100 Award for the sixth consecutive year, earning recognition for its NORYL V0 resins, a ...

Riyadh: Net losses at nine petrochemical companies listed on the Saudi Exchange fell by more than 50% in the first half of 2026 to SAR 1.7 billion ($452.8 million), from about SAR 3.4 billion ($908.5 ...