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 Tuesday.
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.
Saudi Arabia has had anti-dumping duties placed on some of its products, such as propylene and methanol, by countries such as China, India and Turkey. While India and China subsequently withdrew the anti-dumping proposals, Turkey is still studying a proposal to impose an anti-dumping duty on Saudi methanol imports.
