Saudi Arabia's SABIC working on tightening Clariant ties: sources | Reuters:
Saudi Basic Industries Corp (SABIC) 2010.SE is considering increasing its holding in Clariant (CLN.S) and pursuing joint ventures as the Saudi firm looks to strengthen ties with the Swiss chemicals group, sources told Reuters.
The world’s number four chemical firm bought a 24.9 percent stake in Clariant this year and is expected to intensify research and development with the Swiss specialty chemicals maker as well as hike its stake over time, the sources said.
It already has a New Jersey-based partnership with Clariant that licenses chemical process technology to customers including Huntsman (HUN.N) and Akzo Nobel (AKZO.AS).
No comments:
Post a Comment