Saudi Industrial Investment Group (SIIG) and its unit National Petrochemical Co have postponed a planned merger, as per Reuters. The merger will be postponed until the petrochemical company's project "Saudi Polymers Company" starts up and reaches a stable state of production. Saudi Polymers is expected to start production during the fourth quarter of 2011. It could be until at least the end of 2011 when a joint venture starts production. The merger, which SIIG said in April was expected to be completed within nine months, would create the third largest petrochemical firm in Saudi Arabia after Saudi Basic Industries (SABIC) and Saudi Kayan Petrochemical Co.
31-May-11 
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