Saudi Arabia's SABICabic would consider buying Bayer's polyurethane business, Sabic's chief executive told a German weekly.

"If Bayer approached us, we would certainly take a look," Mohamed Al-Mady was quoted as saying by Die Zeit on Wednesday.

Bayer's MaterialScience business is the world's largest maker of chemicals for insulation foam and plastics used for data disks and car lights.

Bayer Chief Executive Marijn Dekkers has indicated there were currently no plans to divest the division.

Al-Mady was quoted by Die Zeit as saying SABIC would only be interested in the polyurethane business of MaterialScience because of anti-trust concerns.