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SABIC completes sale of Engineering Thermoplastics business in the Americas and Europe

This article was originally posted on Chemical Engineering Online.
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Summary
SABIC has completed the sale of its Engineering Thermoplastics business in the Americas and Europe to Mutares SE & Co. for an enterprise value of $450 million, marking SABIC’s exit from this segment in those regions.

How do you think this divestment will reshape SABIC’s strategic focus and competition in the engineering plastics market across the Americas and Europe?

The Saudi Basic Industries Corporation (SABIC; Riyadh, Saudi Arabia) completed the divestment of its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co. for an enterprise value of $450 million. Commenting on the announcement, Dr. Faisal M. Alfaqeer, SABIC’s CEO and Executive Board Member, said: “I am pleased to share […]

The post SABIC completes sale of Engineering Thermoplastics business in the Americas and Europe appeared first on Chemical Engineering.

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