Sabic Decides Against Buying The Egyptian Fertilizers Company

Source: www.oilegypt.com 7/5/2005, Location: Africa

Further to earlier reports outlining Saudi Basic Industries Corporation’s (SABIC) intent to examine the sales offer from the proprietors of the Egyptian Fertilizer Company, SABIC clarifies that buying this company at the offered prices would not achieve the return on investment SABIC requires to meet its strategic investment plan. Therefore, SABIC has decided against bidding to buy the Egyptian Fertilizer Company.

SABIC reaffirms its view that the Egyptian market is strategically important in terms of investment and marketing. SABIC will continue to explore other ambitious opportunities.


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Related Categories: Abrasives  Agents, Anti-foaming  Caustic soda  Chemicals  Chlorine Liquid  Corrosion Inhibiting  Fertilizers  Fluids/Chemicals  General  Industrial & Laboratory  Industrial gas, Hydrogen  Industrial gas, Nitrogen  Industrial gas, Oxygen  Soda Ash  Sodium Hypochloride  Water Treating 

Related Articles: Abrasives  Agents, Anti-foaming  Caustic soda  Chemicals  Chlorine Liquid  Corrosion Inhibiting  Fertilizers  Fluids/Chemicals  General  Industrial & Laboratory  Industrial gas, Hydrogen  Industrial gas, Nitrogen  Industrial gas, Oxygen  Soda Ash  Sodium Hypochloride  Water Treating 


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