27 May 2008
SABIC premieres in Poland at Plastpol 2008!
Kielce – May 27, 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 and technology innovations for key Polish industries here at Plastpol 2008, exhibiting at stand 50, Hall D. SABIC’s presence at the event underscores the importance of the Polish market in its Emerging Markets strategy. Major Polish markets into which SABIC materials are sold include automotive, electrical and lighting, pipe and infrastructure, geomembranes, foam, and film. SABIC offers Polish 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.
“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 Plastpol 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.
“We’ve seen significant growth in the first quarter this year and we anticipate a 15% growth rate for our high performance solutions in this region. In particular, we have exciting opportunities in the electrical and lighting industry, and the emerging building and construction sector, said Ilknur Gur, Regional General Manager Emerging Markets SABIC Innovative Plastics. “We continue to invest in dedicated local resources to assist Polish customers to effectively compete with design, application development and processing optimization using our comprehensive portfolio of innovative materials.”
“At Plastpol, SABIC will showcase applications from the company’s polyolefins portfolio, which include components for automotive; HDPE and PP pipe; geomembranes; foam and film,” said Piotr Kwiecien, Sales Office Captain, SABIC Poland. “The Polish polyolefins market is the largest market in Central and Eastern Europe. SABIC is looking to grow even faster than the local market, helped by the import of extra volumes of LDPE, LLDPE and PP from plants coming on-stream in the UK and Saudi Arabia in the very near future. ”
Also on display will be SABIC Innovative Plastics high performance solutions such as Geloy* XTW resin for improved weatherability in rain gutters, which brings new design possibilities for the B&C segment, and materials supporting regulatory trends in electrical such as XGEN Starflam* compound and low smoke Noryl* resin.
For additional information on SABIC please visit www.sabic.com and www.sabic-ip.com .
® Registered trademark of SABIC
* Trademark of SABIC Innovative Plastics IP BV
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.
SABIC’s profit rose to a record SR 27 billion (US$ 7.2 billion) in 2007, a 33% increase over 2006. Sales revenues for 2007 totalled SR 126.2 billion (US$ 33.7 billion), the highest revenues achieved by the company since its inception. Total assets stood at SR 256 billion (US$ 68.3 billion) at the end of 2007.
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 manufacturer and supplier of highly engineered thermoplastics. SABIC has significant research resources and has 16 dedicated Research and Technology and application centers in the Middle East, the Americas, Europe and Asia-Pacific. The company operates in more than 40 countries across the world with over 31,000 employees worldwide.
In Saudi Arabia, the company has 20 world-scale complexes and 19 of them are located in the industrial cities of Al-Jubail and Yanbu. Some of these complexes are operated with multi-national joint venture partners such as ExxonMobil, Shell and Mitsubishi Chemicals. Elsewhere, SABIC manufactures on a global scale in more than 45 countries in the Americas, Europe and Asia Pacific. SABIC’s overall production has increased from 27 million metric tons in 2001 to 55 million metric tons in 2007.
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 Europe:
SABIC Europe (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.
About SABIC Innovative Plastics:
SABIC Innovative Plastics is a leading, global supplier of engineering thermoplastics with a 75-year history of breakthrough solutions that solve its customers’ most pressing challenges. Today, SABIC Innovative Plastics is a multi-billion-dollar company with operations in more than 25 countries and over 10,500 employees worldwide. The company continues to lead the plastics industry with customer collaboration and continued investments in new polymer technologies, global application development, process technologies, and environmentally responsible solutions that serve diverse markets such as automotive, electronics, building & construction, transportation, and healthcare.
The company’s extensive product portfolio includes thermoplastic resins, coatings, specialty compounds, film, and sheet. SABIC Innovative Plastics (www.sabic-ip.com ) is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC), one of the world’s top five petrochemicals manufacturers.
* Trademarks of SABIC Innovative Plastics IP BV.
Media Notes: The proper names of the companies are SABIC Innovative Plastics, SABIC Europe and excludes any abbreviations or variations when referring to the company. As an acronym, SABIC should be all caps whenever it appears in print.
Editorial enquiries
Helen Vandebovenkamp
SABIC
Helen.vandebovenkamp@sabic-ip.com
Tessa Vroegop
Marketing Solutions NV
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