Saudi Basic Industries Corp.

Röhm has agreed to acquire SABIC's Functional Forms business, which manufactures polycarbonate sheets and films under the LEXAN brand. The transaction is expected to close in the first half of 2024.

Advent-backed Roehm has agreed to buy SABIC's polycarbonate sheets business for about $300 million. The deal is expected to close after antitrust approval.

The Zhongsha New Material Park project in Tianjin Nangang Industrial Zone, a 260,000 tons/year polycarbonate plant with a total investment of about 10.7 billion yuan, is expected to start trial production in June 2021. The project is a joint venture between Sinopec Group and Saudi Basic Industries Corporation.

Zachry Group and Mitsubishi Heavy Industries America Inc. were awarded the construction contract to build a two-train polyethylene unit for the Gulf Coast Growth Ventures project, a joint venture between ExxonMobil and Saudi Basic Industries Corp. Construction will begin later in 2019 with completion tentatively scheduled for 2022.