Saudi Petrochemicals Manufacturers form Committee to Counter Anti-dumping Duties

Saudi Arabia's petrochemicals manufacturers have formed a 15-member organization called Saudi Committee of Petrochemical Manufacturers in the wake of growing number of anti-dumping cases against the country's petrochemical producers, an industry source said on February 7, 2012.

The organization is headed by Mohamed Al Mady, CEO of Sabic Basic Industries Corporation.

"The SCPM has been recently formed and an official announcement in this regard will be made soon," the source said.

Membership of the SCPM is limited to the major upstream petrochemical manufacturers such as SABIC and Tasnee. "The organization's prime aim is to liaise with the government in representing Saudi cases abroad," the source said.