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Sabic plans US$ b bln petrochemical venture in China

13-Nov-06

Saudi Basic Industries Corporation (Sabic), the world's most profitable petrochemical company, is keen on building a manufacturing base in China. To meet this objective, it plans to form a joint venture in China with possible investment of upto US$5 billion, is eyeing eastern China as a possible location for the unit. For this purpose, Sabic is in talks with a number of private and government groups for a joint venture.

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