Saudi International Petrochemical Company (Sipchem) said the initial start-up of its new polybutylene terephthalate (PBT) plant will begin in the first quarter of 2015.

The company has been testing the plant's main equipment in preparation for the launch, it said in a statement on Monday. The facility is located in Saudi Arabia's Jubail Industrial City.

The plant will manufacture up to 63,000 tonnes per year of PBT resin. The material is a highly-specialised thermal polymer used in electrical and electronic material production in the automotive industry, as well as in the production of IT based materials.-Reuters