Sabic's Q2 net profit to go up 9.2% despite US economic slowdown

15-Jul-08
Saudi Basic Industries Corp. (SABIC), world's leading chemical firm by market value, is slated to earn a Q2 net profit of US$1.9 bln, rising 9.2% from the quarterly earnings of US$1.74 bln in the corresponding period last year ending June 30, 2007. Due to surge in oil prices, the margins of petrochemicals, naphtha based products in particular, will be constricted. However, HSBC addressed that the demand of the petrochemicals is unlikely to be affected by a slowing US economy.
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Colines 3 layers cast film extrusion machine

Colines 3 layers cast film extrusion machine