5 Nov 2008
SABIC Innovative Plastics Announces Production Cutback
BERGEN OP ZOOM, The Netherlands – November 5, 2008 – As a result of significantly softening resin demand caused by the global economic slowdown, SABIC Innovative Plastics announced today that it will reduce production across its engineering thermoplastics portfolio by up to 20 percent, effective immediately.
SABIC Innovative Plastics will communicate further details as appropriate with suppliers and customers to optimize the supply chain and to minimize any disruption.
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 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.
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* 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.