RIYADH: Saudi Basic Industries Corp. has signed a potential investment agreement with the Fujian government in China to develop an engineering thermoplastic compounding plant in the Asian nation.  In a press statement, SABIC said the deal underscores the company’s efforts to meet the requirements of its local customers in China and strengthens the firm’s presence in the country.  SABIC considers China a crucial market for its growth, representing more than 40 percent of global chemical sales.