|
|
| |
|
|
Impairment on steel unit, still sees challenges in steel market - Hadeed-The 19th China (Guangzhou ) Int¡¯l Casting product Exhibition
1/31/2018 casting expo-Die-casting expo-foundry expo |
--------------------------------------------------------------------------------------------------------------- |
|
Zawya reported that Saudi Basic Industries Corp took a 350 million riyals (USD 93.34 million) impairment on its steel unit, Hadeed, in the fourth quarter and still sees challenges in the steel market.
SABIC CEO Yousef al-Benyan told a news conference that he was optimistic about the outlook for 2018, as an increase in oil prices reflect positively on petrochemical prices. Mr Benyan also said the company can self-finance the acquisition of a nearly 25 percent stake in Clariant , which was announced last week.
SABIC, the world''s fourth-biggest petrochemicals company, reported an 18.6% drop in fourth-quarter net profit on Sunday, citing lower output and sales.
-The 19th China (Guangzhou ) Int¡¯l
Casting product Exhibition
-Casting product Exhibition, 2018 casting
product Exhibition, China Casting product Exhibition, Casting Exhibition, China
Casting Exhibition, 2018 Casting Exhibition, Casting product Expo, 2018 casting
product Expo, China Casting product Expo, Casting Expo, China Casting Expo,
2018 Casting Expo,
|
|
|
|
|
