SABIC chief calls for regional industry consolidation

27/11/2018 Argaam

 

The vice chairman and CEO of Saudi Basic Industries Corp (SABIC), Yousef Al-Benyan, called upon the region’s chemical industry to embrace structural changes and consolidate to compete with new players.

 

“There is a need for industry consolidation and structural changes in order for us to become a global player,” Al-Benyan, who is also the chairman of GPCA, said on the sidelines of the 13th annual GPCA Forum in Dubai.

 

“We must accelerate the joint efforts in creating partnerships through consolidation and portfolio exchange, which will create scale and value for all the players. Without these structural measures, we will not be able to compete with larger global players, both existing and new entrants,” he further added in his welcome address.

 

For more information on the chemical sector, as well as Saudi-listed petrochemical companies, follow Argaam’s exclusive data portal.

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