Saudi Aramco acquires 70% majority stake in thermoplastics manufacturer SABIC AM Industry
Saudi Aramco acquires SABIC, as the Saudi OEC company confirmed the signing of a share purchase agreement to acquire a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia. SABIC, a large petrochemical company, is known in the 3D printing industry as the provider of ULTEM and other thermoplastic filament materials as well as a wide range of composite pellets.