Sipchem acquires Swiss petrochemical trading company Aectra

Sipchem acquires Swiss petrochemical trading company Aectra

10:24 PM, 15th December 2011
Sipchem acquires Swiss petrochemical trading company Aectra
Sipchem CEO Ahmad Al-Ohali, right, and Aectra CEO Rene Fresco sign the acquisition deal in Dubai

DAMMAM, SAUDI ARABIA: Saudi International Petrochemical Co (Sipchem) announced that its affiliate, Sipchem Marketing & Services Co. (SMSC), has acquired Aectra SA, a Swiss petrochemical trading and marketing company. Ahmad Al-Ohali, CEO, Sipchem and Rene Fresco, CEO, Aectra concluded the acquisition deal.

“Since Sipchem’s manufacturing excellence and high-quality products are perfectly matched by Aectra SA’s marketing, logistics and trading expertise, the two companies will deliver real value to their customers and will provide the Sipchem family with a powerful platform for future growth,” said Al-Ohali. Aectra SA is located in Lutry, Switzerland and has an established network of agents and customers throughout Europe, and enjoys good professional relationships with major producers. Its employees have proven experience in European logistics.

Sipchem actively develops and invests in petrochemical and chemical industries, both basic and intermediate products used to manufacture a multitude of end-products. Through its five operating affiliates, Sipchem currently produces about 2.2 million of chemicals.

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