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11/20/2008

SABIC Announces 20% Production Cutback

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In an unprecedented announcement, SABIC Innovative Plastics declared early last month that it was cutting back production across its engineering plastics portfolio by up to 20%, effective immediately.

In an unprecedented announcement, SABIC Innovative Plastics declared early last month that it was cutting back production across its engineering plastics portfolio by up to 20%, effective immediately. The move was attributed to “significantly softening resin demand caused by the global economic slowdown.” (800) 845-0600 • www.sabic-ip.com

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