What was the enterprise value of SABIC's Engineering Thermoplastics (ETP) business sale to Mutares, and which regions and materials were included in the divestment?

The enterprise value of SABIC's Engineering Thermoplastics (ETP) business sale to Mutares was $450 million. The divestment covered the ETP business in the Americas and Europe, including multiple polycarbonate, polybutylene terephthalate, and acrylonitrile-butadiene-styrene (ABS/SAN) plants located across eight manufacturing sites in Brazil, Canada, Mexico, the Netherlands, Spain, and the US, with a total nameplate production capacity of 1.87 million metric tons per year.

Why did SABIC sell its Engineering Thermoplastics business, and what financial impact did the sale have on its EBITDA margin?

SABIC sold its Engineering Thermoplastics business as part of its portfolio optimization strategy to sharpen strategic focus, achieve long-term growth and sustainable profitability, maximize shareholder returns, exit structurally underperforming assets, reduce cash losses, and improve investment returns; the carve-out improved SABIC’s EBITDA margin by approximately 130–140 basis points on a pro-forma basis.

SABIC closes $450M sale of engineering plastics business to Mutares

Aug 5, 2026

SABIC has completed the $450 million sale of its Engineering Thermoplastics business to Mutares SE & Co., covering assets across the Americas and Europe. The deal supports SABIC's strategy to exit underperforming assets and optimize its petrochemical portfolio.

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