Joint venture formed
Saudi Basic Industries Corporation (Sabic) has formed a new polystyrene joint venture (JV) with Turkey's Baser Petrokimya. Sabic will hold 70 per cent of the new company, with Baser owning the remainder. The JV will take over all of Baser's polystyrene assets in Turkey, including an Adana-based plant with production capacity of 40,000 tonnes a year.
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