SABIC's affiliated Company; Arabian Industrial Fibers Company (IBN RUSHD) plans to meet the growing local and global demand especially from the packaging products industry. IBN RUSHD plans to implement a capacity expansion project to add 230,000 tpa of Poly Ethylene Terephthalate (PET) at its plant in Yanbu Industrial City. This will bring the complex's total annual production capacity to 300,000 MT. IBN RUSHD's new board of directors has ratified the new project which is expected to go on stream in Q2 2007.
SABIC owns 48.93% of IBN RUSHD. The remaining shares are owned by a group of local and regional companies and establishments.
24-Oct-05 
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