- SABIC
Infobox_Company
company_name = Saudi Basic Industries Corp.
company_
company_type = Public
company_slogan = Sharing Our Futures
foundation = 1976
location =Riyadh ,Saudi Arabia
key_people =Prince Saud Bin Thunayan Al-Saud , ChairmanMohammed Al Mady , CEO
num_employees = 19,000 (2006)
industry = Manufacturing and hydrocarbon-based industry
products =Chemicals and intermediates, industrialpolymers ,fertilizers andmetal s
revenue = $23.021 billionUSD (2006)
operating_income = $9.31 billionUSD (2006)
net_income = $5.412 billionUSD (2006)
homepage = [http://www.sabic.com/ www.sabic.com]SABIC (Saudi Basic Industries Corp) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest
public company inSaudi Arabia as listed inTadawul , but the Saudi government still owns 70% of its shares. Private sector shareholders are from Saudi Arabia and other countries of the six-nationGulf Cooperation Council (GCC).SABIC is currently the second largest global
ethylene glycol producer and is expected to become number one after the introduction of these new projects. SABIC is the third largestpolyethylene manufacturer, the fourth largestpolyolefins manufacturer and the sixth largestpolypropylene manufacturer.Fact|date=May 2008 The company is based inRiyadh and has interests in 17 affiliated companies which range from full ownership to significant partial participation.History
SABIC was founded in 1976 by
Royal Decree to convert oil byproducts into useful chemicals. SABIC's founding transformed the small fishing villages ofJubail on thePersian Gulf andYanbu on theRed Sea into modern industrial cities. Production in 1985 was 6.5 million tons, 5 years later production rose to 13 million tons and by 2003 production has risen to 42 million metric tons and a total worldwide employment of 16,000 people.Fact|date=May 2008SABIC's manufacturing network in Saudi Arabia consists of 18 affiliates. Most of these are based in the Al-Jubail Industrial City on the Persian Gulf. Two are located in Yanbu Industrial City on the Red Sea and one in eastern province city of Dammam. SABIC is also partners in three regional ventures based in Bahrain.
In July 2002 SABIC commenced operations in Europe after the acquisition of the petrochemicals business of Dutch group DSM. (SEP). SABIC Europe employs 2,300 people and has two major manufacturing locations in Geleen in the Netherlands and Gelsenkirchen in Germany. In January 2007, SABIC Europe took over
Huntsman Corporation plants in the UK at North Tees and Teesside.On May 21, 2007, SABIC acquired
General Electric 's Plastics division in a $11.6 billion cash deal, including $8.7 billion of its liabilities, [ [http://www.nytimes.com/2007/05/22/business/22plastics.html/ "The New York Times" 22 May 2007] ] . In the same year, the company ranked 145 (Previous rank: 301) inForbes Global 2000 list. [ [http://www.forbes.com/lists/2008/18/biz_2000global08_The-Global-2000_Rank_2.html Forbes Global 2000, 2008] ]ubsidiaries
*
Hadeed
*Ibn Sina
*Ibn Zahr
*Sadaf
*GAS
*Petrokemya
*Kemya
*Ar-razi
*Al-Bayroni
*Yanpet
*Ibn Rushd
*Sharq
*Ibn Hayyan
*Safco
*Jubail United
*Tayf
*YANSAB
*Saudi Kayan
*SABIC Europe
*SABIC Innovative Plastics (formerlyGE Plastics )Products
*Ethylene
*Propylene
*Butadiene
*Butene-1
*CIE (Crude Industrial Ethanol)
*MTBE (Methyl Tertiary Butyl Ether)
*Styrene Monomer
*Benzene
*Paraxylene
*CBO (Carbon Black Oil)
*Caustic Soda
*EDC (Ethylene Dichloride)
*VCM (Vinyl Chloride Monomer)
*Phenol
*Acetone
*Bisphenol A
*Fertilizers
*Steel
*Methanol
*Lexan Polycarbonate
*Noryl PPO
*Cycolac (Acrylonitrile butadiene styrene )
*Cycoloy (Polycarbonate /Acrylonitrile butadiene styrene blend)
*Ultem (Polyetherimide )
*Extem (Polyetherimide )
*Geloy (Acrylonitrile Styrene Acrylate /Acrylonitrile butadiene styrene blend)
*Valox (Polybutylene Terephthalate)
*Xenoy (Polycarbonate / Polybutylene Terephthalate blend)
*Xylex (Polyester /Polycarbonate blend)ee also
*
List of Saudi Arabian companies
*Saudi Aramco
*Amcor
*Brødrene Hartmann References
External links
* [http://www.sabic.com.sa/ Official website]
* [http://www.sabic-ip.com/ SABIC Innovative Plastics]
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