Clariant CEO says update on SABIC deal likely in September

19/03/2018 Argaam

 

Swiss specialty chemicals producer Clariant AG plans to provide an update on its partnership with Saudi Basic Industries Corp (SABIC) in September, Reuters reported, citing Chief Executive Hariolf Kottmann.

 

“We see the commitment of this company as very positive and have already begun talks about our future closer cooperation,” Kottmann said during Clariant’s annual general assembly meeting on Monday.

 

“In September we will be able to give you an update of the results to date,” he added.

 

SABIC bought a 25 percent stake in Clariant in January.

 

Clariant manufactures specialty chemicals, and operates via four segments: care chemicals, catalysis, natural resources, and plastics and coatings.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.