Wednesday, November 22, 2006, 11/22/2006 04:06:00 PM

Celanese Corp. Sues Saudi International Petrochemical Corp. For Trade Secrets Theft

By Todd
Dallas-based Celanese Corp. has sued Saudi International Petrochemical Corp. and International Acetyls Co. and International Vinyl Acetate Co. for alleged misappropriation of trade secrets to be used in connection with the construction and operation of new facilities Saudi International is having built in Al Jubail, Saudi Arabia. Saudi International denies the claim and says it obtained the technologies through licenses with Eastman Chemical and DuPont. The construction is reported to cost $1 billion.

We'll follow this one for you closely.

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