Sabic's first-quarter report reveals growing demand

04/19/2010 | Bloomberg Businessweek

Saudi Basic Industries CEO Mohamed al-Mady says a first-quarter increase in demand for plastics materials for automobiles and electronics contributed to the company's 72% increase in revenue compared with the same period last year. He said it offers hope for a "sustainable" global recovery. Other chemical makers are reporting an increase in demand in Asia and emerging markets.

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