Mr. Abdulrahman Al-Faqih, Acting CEO of SABIC, stated that profit margins would remain tight as the Chinese market recovers and that the global economic downturn is weakening demand for plastics and building materials. Al-Faqih said that the company did not witness the expected high demand in China but that it would continue its “great development ambitions” in the Kingdom and abroad.
SABIC: The Chinese market did not recover as expected!
