FINANCIAL NEWS

Saudi Kayan cancels building UHMWPE plant

08 Nov 2013

(MENAFN) Saudi Kayan has cancelled its intention to build an ultra-high molecular-weight polyethylene (UHMWPE) plant in Jubail, according to Arab News.

Jubail is one of Saudi Arabia”s major industrial hubs.

Kayan’s cancellation came after the economic feasibility study which gave a sign to the company of unsuccessful plans in the near future.

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