https://arab.news/vu4sm
- SABIC鈥檚 Functional Forms business develops and manufactures high-quality, polycarbonate resin-based engineered thermoplastic sheet and film products
- Final agreements between the two companies will be signed in the coming months after consultation with applicable works councils and unions in Europe
RIYADH: SABIC has agreed to sell its Functional Forms polycarbonate business to German manufacturer 搁脰贬惭.
The sale will allow SABIC to focus on its portfolio of petrochemicals, agri-nutrients, and specialties.
SABIC鈥檚 Functional Forms business develops and manufactures high-quality, polycarbonate resin-based engineered thermoplastic sheet and film products which it sells across a wide variety of industries, ranging from building and construction, consumer electronics, aircraft and rail interiors to displays. Its operations are in 19 countries and has about 700 employees.
Final agreements between the two companies will be signed in the coming months after consultation with applicable works councils and unions in Europe. Subject to regulatory approvals and completion of the carve-out of the business from the rest of SABIC鈥檚 operations, the transaction is expected to close during the first half of 2024.