What does the cryptic crossword clue "Revamped Saudi PVC and international rubber business (5,3)" mean?

The definition is "international rubber business". The wordplay uses an anagram. anagram of SAUDI + PVC = DAVIS CUP; definition: "international rubber business" The answer is DAVIS CUP.

Revamped Saudi PVC and international rubber business (5,3)

Times Cryptic #28542 | 1 Across | 2023-03-04 flower

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