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Thursday 24 May 2012

SABIC

 

SABIC was created by royal decree in the Kingdom of Saudi Arabia in September 1976. In almost every respect, the founding vision for SABIC went well beyond corporate profits.

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SABIC   

Saudi Arabian Basic Industries Corporation, Kingdom of Saudi Arabia

Kingdom of Saudi Arabia's Energy Assets

SABIC was created to better utilize the Kingdom’s energy assets, delivering highquality jobs and product lines that would drive economic growth and improve the quality of life in Saudi Arabia and beyond.

 

Today, SABIC has grown to become one of the largest and most successful petrochemical companies in the world. Headquartered in Riyadh, it employs 33,000 talented people around the world with operations in over 40 countries. The company comprises six Strategic Business Units: Chemicals, Performance Chemicals, Polymers, Innovative Plastics, Fertilizers and Metals. SABIC ranks among the world´s market leaders in the production of polyethylene, polypropylene, glycols, methanol – and is also one of the largest producers of steel in the Middle East. SABIC’s products are the building blocks of modern life and are used to make a wide variety of products that include medical devices, lighter and more fuel-efficient cars, pharmaceutical products, fertilizers that help crops feed the world and electronics that are becoming an essential part of people’s daily lives. Undoubtedly, SABIC has made an important contribution to quality of life improvements both in Saudi Arabia and abroad.

 

HADEED is one of the largest producers of steel in the Middle East

 

Innovation and learning are key elements in SABIC’s success worldwide. SABIC currently has 18 dedicated Technology & Innovation facilities across Saudi Arabia, the United States, Europe and Asia and continues to forge close relationships with pioneering academic institutions the world over. These have been vital towards the development of more than 150 new products and several innovative technologies that have made the manufacture of petrochemicals even more efficient. SABIC’s Technology & Innovation Centers work closely with its Strategic Business Units to improve manufacturing processes and develop new technologies. SABIC’s commitment to research has given the company a vital competitive edge, allowing its affiliates – and customers – to develop their products more effectively, reduce costs and achieve their goals.

 

SABIC headquarters in Riyadh

 

Since its foundation, SABIC has also been committed to sustainability and this is a commitment that the company has adopted around the world. Sustainability sits at the top of SABIC’s leadership agenda, touching every business and operation across the world. From an internal perspective, the company is focused on continuously reducing the intensity of its global operational footprint. This includes reducing carbon intensity, improving energy and water use, and increasing material efficiency – benefits that ultimately also flow to SABIC’s customers worldwide. SABIC has been building upon its strong management systems and history of responsible manufacturing to focus on an even safer and cleaner environment. The company’s sustainability plan also focuses on the marketplace, where it is committed to sharing its expertise and working closely with its customers to develop products, applications and solutions that respond to sustainability needs. SABIC’s product portfolio, coupled with its technological expertise and culture of innovation, gives it the ability to develop materials that can help customers tackle a wide variety of environmental issues.

 

QarmaQ is a technology demonstration vehicle by Hyundai and SABIC, reducing weight, saving fuel and preserving the environment