29 Jan 2008
SABIC Premieres in Russia at Interplastica 2008!
Moscow – January 29, 2008 – For the first time, the SABIC family of plastics businesses, including SABIC Innovative Plastics and SABIC Europe, will be showcasing its diverse plastics portfolios for key Russian industries here at Interplastica 2008, exhibiting at stand A22/28, Hall 8.3. SABIC’s presence at the event underscores the importance of the Russian market to its expanding global business strategy. Major Russian markets into which SABIC materials are sold include automotive, building and construction, electrical and lighting, pipe and infrastructure, SABIC offers Russian customers a strong local team, local supply of materials, and the extensive resources of its Global Application Technology (GApT) centers to support in-country application development.
“Russia is a top priority for SABIC Innovative Plastics’ global expansion plans. We believe we have exciting solutions for this major emerging market, particularly in the automotive sector,” said Juri Bercovitz, area sales manager for Russia, CIS and Baltic States, SABIC Innovative Plastics. “We continue to invest in dedicated local resources to assist Russian customers to effectively compete in the global environment with design, application development and processing optimization using our comprehensive portfolio of innovative materials.”
“SABIC has a long-term growth strategy for Central and Eastern Europe, where growth in polyolefins in the coming years is predicted to be more than 15%. Our presence at Interplastica 2008 will allow us to position SABIC more strongly in the local market and build more direct relationships with customers in the region,” explained Hubert Guth, Director Sales Offices SABIC Europe.
In 2007, SABIC Innovative Plastics launched its new Russian Automotive division as part of a global network dedicated to accelerating market and application development activities for the rapidly expanding automotive industry in Russia and the Commonwealth of Independent States (CIS).
“We want to be a strong player in this segment, “ says Nico Egelman, SABIC Innovative Plastics Commercial Director Automotive Central & Eastern Europe, “ reports predict that Russia will become the #1 automotive market in Europe by 2011, and according to Global Insights World Car Industry Forecast Report from March 2007, Russia is now the sixth-largest market in Europe - behind Western Europe's big five economies – with sales up 27% in 2006 to 2.07 million units. This is an exciting time for us and our customers.”
With is broad portfolio of products such as high performance resins, composites and sheet products in structural glazing, wire and cable, cladding and pipe, amongst others, SABIC is positioned to help its customers with solutions across many industries where significant investments are being made - power stations, electrical installations construction projects and utility infrastructure. “At Interplastica, SABIC will be exhibiting the latest in SABIC® HDPE and SABIC® PP pipe applications, “ said Marcel Baltus, Product Sales Manager for Russia, CIS and Baltic States, SABIC Europe. “The Russian pipe market is an extremely important growth market for SABIC, due to the strong investments and future intentions to completely renew the utility infrastructure for gas, water and sewage in the country. HDPE and PP pipe will play an increasingly dominant role in these applications due to their durability and cost effectiveness”.
On display for the first time in Russia, SABIC will showcase applications that leverage the company’s engineering thermoplastics, composites and polyolefins. These include components for automotive; electrical parts and high-end components for domestic appliances; 19.5-liter returnable water bottles made with Lexan* polycarbonate resin; pipe made with SABIC® Vestolen A and SABIC® Vestolen P and many more.
For additional information on SABIC please visit www.sabic.com and www.sabic-ip.com
* Trademarks of SABIC Innovative Plastics IP BV
® Registered trademark of SABIC
Reader enquiries
| Innovative Plastics | Polymers | |
| 1 Plastics Avenue | Europaboulevard 1 | |
| Pittsfield, Mass. | 6135 LD Sittard | |
| United States | Netherlands | |
| Tel: +1 413 448 7383 | Tel: +31 (0)46 722 2399 | |
| Email: jodi.kennedy@sabic-ip.com | Fax: +31 (0)10 264 4823 | |
| Web: www.sabic-ip.com | Email: rachel.kundra@sabic-europe.com | |
| Web: www.sabic.com |
Netherlands
Notes for editors
About SABIC
Saudi Basic Industries Corporation (SABIC) is one of the world’s 10 largest petrochemicals manufacturers. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers, as well as the fourth-largest polyolefin producer.
SABIC reported a net profit of SR 20.2 billion (US$ 5.4 billion) for the first nine months of 2007, an increase of 42 percent, compared to the SR 14.2 billion (US$ 3.9 billion) net profit in the same period last year. For the third quarter (3Q) of 2007, the company reported a profit of SR 7.4 billion, (US$ 1.9 billion) an increase of 37 percent over the 3Q-2006 profit of SR 5.4 billion (US$ 1.4 billion) and an increase of 14% over the 2Q-2007 profit of SR 6.5 billion (US$ 1.7 billion). Current assets at the end of 2006 were SR 74 billion (US$ 19.7 billion).
SABIC operates six interlinked strategic business units: Basic Chemicals, Intermediates, Specialty Products, Polymers, Fertilizers and Metals. In 2007 SABIC Innovative Plastics was launched as a global supplier of specialty plastics. SABIC has significant research resources and has dedicated Research and Technology and application centers in the Middle East, the Americas, Europe and Asia-Pacific with customers in more than 100 countries. SABIC has more than 30,000 employees worldwide.
In Saudi Arabia, the company has 20 world-scale complexes and 19 of them are located at the two largest sites – in Al-Jubail and in Yanbu. Some of these complexes are operated with multi-national joint venture partners such as ExxonMobil, Shell and Mitsubishi Chemicals. SABIC produces in 23 locations in the Americas and 15 locations in Asia-Pacific. In Europe, SABIC has 15 production sites. There is an additional site in Turkey. SABIC’s overall production has increased from 27 million metric tons in 2001 to 49.1 million metric tons in 2006.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.
About SABIC Innovative Plastics:
SABIC Innovative Plastics is a global supplier of plastic resins widely used in automotive, healthcare, consumer electronics, transportation, performance packaging, building and construction, telecommunications and optical media applications. The company manufactures and compounds polycarbonate, ABS, ASA, PPE, PC/ABS, PBT and PEI resins, as well as the LNP* line of high-performance specialty compounds, under such well known brand names as Lexan*, Cycolac*, Geloy*, Noryl*, Cycoloy*, Valox* and Ultem*.
The Specialty Film and Sheet division of SABIC Innovative Plastics manufactures high-performance Lexan sheet and film products used in thousands of demanding applications worldwide. The dedicated automotive organization is an experienced, worldwide supplier, offering leading plastics solutions for five key automotive segments: body panels and glazing; under the hood applications; component; structures and interiors; and lighting.
SABIC Innovative Plastics is part of Saudi Basic Industries Corporation (SABIC), one of the 10 largest petrochemicals manufacturers in the world.
* Trademarks of SABIC Innovative Plastics IP BV.
Media Note: The proper name of the company is SABIC Innovative Plastics, and excludes any abbreviations or variations when referring to the company. As an acronym, SABIC should be all caps whenever it appears in print.
About SABIC Europe:
SABIC Europe BV (Sittard, The Netherlands) is a SABIC subsidiary which includes all SABIC’s polymers and base chemicals activities in Europe and employs around 3,300 people. SABIC has a European sales offices network, logistic hubs and three petrochemical sites in Europe: at Geleen (The Netherlands), Teesside (United Kingdom) and at Gelsenkirchen (Germany). SABIC Europe produces 3 million metric tons per annum of polyolefins* and 5.7 million metric tons of basic chemicals, mainly for the European market.
* including the projected numbers for the SABIC UK Petrochemicals 2008 LDPE plant.
Editorial enquiries
Helen Vandebovenkamp
SABIC
Helen.vandebovenkamp@sabic-ip.com
Tessa Vroegop
Marketing Solutions NV
Also available in