Korea's SK Group, Saudi firm forge US$595m S'pore JV

[SINGAPORE] South Korea's SK Group - the biggest investor and also builder of the just-completed US$2.4 billion Jurong Aromatics Complex (JAC) here - has, through affiliate SK Global Chemical, set up a new US$595 million Singapore-based joint venture with Saudi Arabia's Sabic to operate a chain of manufacturing plants worldwide.

The JV will start with a recently completed 230,000 tonne per annum plant by SK Global Chemical at its complex in Ulsan, South Korea, with a second plant planned for Saudi...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to