Tadawul-listed Sabic arrives in Kutno

Sabic, the largest company (with a market cap of USD 100 billion) listed on the Saudi stock exchange, is opening a polymer products logistics center in Kutno which will be responsible for the CEE region. "In the first phase we will use the existing infrastructure, but expansion will be necessary. In 2007, Sabic wants to import 150,000 tons of goods annually, but the figure will top 350,000 tons within four years," said Maciej Pińczak, executive director of Nijhof Wassink, which is providing logistics services to Sabic. The logistics center will be assisting a trade center in Hungary, which was opened in May 2006. "The center in Kutno will take over the responsibilities for the countries from this region from a warehouse in Antwerp," said Piotr Kwiecień, managing director of Sabic Polska. (Puls Biznesu, pp.1, 6) M.M.