Sabic signs acrylic glass JV

Saudi Basic Industries (Sabic) is entering a joint venture with Japan's Mitsubishi Rayon to produce material for acrylic glass. With an annual output capacity of 200,000 to 250,000 tonnes, the Saudi-based factory is expected to become one of the largest for producing methyl methacrylate. Prior to establishing the joint venture, Sabic is expected to take a stake of between 10% and 20% in Lucite International, owned by Mitsubishi Rayon, reported Reuters. Acrylic glass is used in various consumer electronics and auto parts.

Posted on Sunday, August 9-2009

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