Saudi Basic Industries Corp. is revealed to be in hopes that its Sharq, Yansab and Tianjin plants may pose a positive impact on the petrochemical manufacturer as of the second quarter of this year, its chief executive revealed on Sunday.

In addition, he posted that the expansion of Ibn Rushd would begin with the production in the 2012-2013, he told a news conference.

However, SABIC beat analysts' augurs a profit of nearly 5.43 billion riyals ($1.45 billion) during the first quarter following positive vibes reflected by both prices and demand.

Yanbu National Petrochemical Co. is a 50:50 joint venture between SABIC and a consortium of Japanese companies spearheaded by Mitsubishi Corporation, of which 55 percent owned by Sabic while Eastern Petrochemical Co.

SABIC uncovered that its turnover in the first-quarter was 34 billion riyals ($9.07 billion) after 32 billion riyals in the same period the previous year.