Sabic pushes into Asia with South Korea deal - FT.com:
"Saudi Arabia Basic Industries Corporation has teamed up with SK Global Chemical to produce polyethelyne products in South Korea, marking the state-controlled petrochemicals group’s latest push into Asia.
Sabic said it had signed a joint-venture agreement with the Korean group to purchase technology and a plant that manufactures copolymers in the city of Ulsan.
The deal concludes negotiations between the parties after an initial agreement last year set up Sabic SK Nexlene Company, a Singapore-based joint venture. Sabic said the total investment in the technology and plant was $640m."
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