SABIC PRESSES PLAN TO CLAIM LARGER SHARE OF PETROCHEM MARKET

Saudi Arabia's Saudi Basic Industries Corp. (Sabic) plans to increase petrochemical production, launch new products, decentralize sales activities, and put in place advanced research and development by 1995. The goal is to remain competitive, Minister of Industry and Electricity Abdulaziz Al-Zamil says in Sabic's 1990 annual report. The company's long range goal is to develop a key role in world markets (OGJ, Jan. 7, p. 19).

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