IBN RUSHD Arabian Industrial Fibers Company | |||||
http://www.knak.jp/blog/2008-08-1.htm#ibnrushd |
LOCATION | Yanbu | |
PARTNERSHIP | SABIC
(70%→45.19%) General Investments Fund (GIF) (0→33.51%)December 1, 2007, and 15 Saudi Arabian and regional private sector partners
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DATE ESTABLISHED | 1413 H (1993) | |
ON-STREAM DATE | 1416 H (1995) | |
FEEDSTOCKS | Ethylene Glycol ( supplied by (YANPET) | |
PRODUCTS |
propane dehydrogenation 650千トン the largest single line facility in the world |
2005/5 Saudi governor launches acetic acid technology at Ibn Rushd
December 03 2007
SABIC affiliate IBN RUSHD increases capital to SAR8.51bn
At an extraordinary general meeting held on December 1, 2007, at IBN RUSHD headquarters in Yanbu industrial city, the SABIC affiliate, the Arabian Industrial Fibers Company (IBN RUSHD) approved the General Investments Fund (GIF) as a partner in IBN RUSHD.
It also approved: Increasing IBN RUSHD's capital from SAR3.55bn to SAR8.51bn; Capital restructuring by issuing new shares through the conversion of debts owed to the GIF as well as debts owed to SABIC; Addition of the cost of the SABIC owned Acetic acid Plant at IBN RUSHD's complex to IBN RUSHD's capital; Waiver of the right of priority of subscription for new shares; Amendment of Article 3 of the Corporate Articles of Association; Amendment of Articles 7 and 8 and 45 relating to capital and partners ownership percentage; in addition to the amendment of Articles 16 and 20 of the Articles of Association concerning the members of the board of directors and their respective remunerations.
At a previous meeting, IBN RUSHD's Extraordinary General Assembly approved a comprehensive strategic plan, designed to convert the company from loss to profit through the application of initiatives being implemented on the basis of extensive studies.---
Ibn Rushd inks contracts with CTCI and Sinopec Engineering for capacity expansion
SABIC affiliate Arabian Industrial Fibers Co (Ibn Rushd) has inked contracts with Taiwan's CTCI and China's Sinopec Engineering for capacity expansion.
The contract with CTCI would more than double Ibn Rushd's aromatics production capacity to 1.2 mln tpa from 560,000 tpa and more than double its terephthalic acid capacity to 750,000 tpa.
The contract with Sinopec Engineering has been inked for a new polyethylene terephthalate (PET) plant as well as expansion of capacity 750,000 tpa from 330,000 tpa. The projects will take between 24 and 27 months for completion.
関連図及び能力 2012/12/31修正