In January 2018, SABIC announced that it had acquired a 24.99% stake in Clariant, the Swiss specialty chemical manufacturer. [3] SABIC's wholly owned subsidiary, the Saudi Iron and Steel Company (Hadeed), based in Al Jubail, is one of the world's biggest fully integrated producers. Along with this change it was announced that the Innovative Plastics headquarters in Pittsfield, United States, would be closed, and the SABIC Regional Headquarters for the Americas would be relocated to Houston.[11]. Location: HOI, Riyadh Techno Valley, King Saud University, Riyadh, Saudi Arabia . Standard Diameter mm Grade Nominal Strength MPa (min.) Our Stories. [citation needed], According to the 2019 Fortune Global 500 list, SABIC reported $45.1 billion in revenues and $5.7 billion in profits for the 2018-2019 FY, ranking it in fourth place among chemical companies and #252 in the list. Search Search. Functions at this location. The actual transaction price was undisclosed. 70% of SABIC's shares are owned by Saudi Aramco.[2]. Our Brand. SABIC strives to play a pivotal role in contributing to Saudi Vision 2030. Die weltgrößte Erdölfördergesellschaft Saudi Aramco sichert sich Insidern zufolge für rund 70 Milliarden US-Dollar die Mehrheit am saudi-arabischen Chemie- und Metall-Konzern Sabic. LONDON — Saudi Arabia’s oil company, Saudi Aramco, said on Wednesday that it would buy a 70 percent stake in a state-controlled petrochemical giant … Elongation (A5) (min.) On March 27, 2019, SABIC announced that state-owned energy company Saudi Aramco signed a share purchase agreement to acquire a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction worth $69.1 billion. Contact your system administrator for more information. By Rawan Radwan, Arab News. Saudi Arabia's SABIC targets personal care and hygiene sector. SABIC's manufacturing network in Saudi Arabia consists of 18 affiliates. Address: PO Box 5101, Riyadh 11422, Saudi Arabia. At SABIC we enable you to realize your ideas and make an impact. Fitch has cut the outlook of Saudi Arabia, Aramco and Sabic to negative on concerns of the sovereign’s weakening balance sheet. > Board Of Directors and Executive Management, COLLABORATING TO SOLVE THE WORLD’S CHALLENGES. By 2020, SABIC intends to produce over 135 million metric tons per year. Could not open iView. Headquartered in Sittard, Netherlands, SABIC Europe has a European wide network of sales offices and logistic hubs, as well as three petrochemical production sites in Europe: Geleen (Netherlands), Teesside (United Kingdom), and Gelsenkirchen (Germany).[14]. JYIC signs deal with SABIC, Vopak for 20% Chemtank stake Arab coalition intercept Houthi drone targeting Saudi Arabia; Turkey's battered currency rises after finance chief resigns For further information, please SABIC ein saudi-arabischer Chemie- und Metall-Konzern und nach eigenen Angaben der führende Metallproduzent im Nahen Osten. JAPAN Tokyo Club Bldg., 3-2-6 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013 Japan Phone: +81-3-3593-4743 . Der Kunststofferzeuger Sabic (Riyadh / Saudi-Arabien) verlängerte die Force Majeure auf Material vom britischen Standort Wilton auf zunächst unbestimmte Zeit. The stake was acquired from activist investor White Tale, and at Clariant's prevailing market-capitalisation would have been valued in the region of $2.4bn. > To receive content that is relevant to you, please select your preferences below.Please choose at least one Product, Industry or Area of Interest: * I would like to receive information about SABIC products and services and agree to have my personal data processed for this, in accordance with the SABIC Data Protection Policy. On May 21, 2007, SABIC acquired General Electric's Plastics division, in a US$11.6 billion cash deal, including US$8.7 billion of its liabilities,[15] and launched SABIC Innovative Plastics. The purchase of DSM signified SABIC's intent to expand and become a true global company. [9] This change follows the reallocation of the Performance Chemicals portfolio into the Chemicals SBU. SABIC has obtained approvals and certificates required by regulatory bodies in the EU and US for the products A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. SABIC is the third-largest polyethylene manufacturer, the fourth-largest polyolefins manufacturer, and the fourth-largest polypropylene manufacturer. VIEW JOB OPPORTUNITIES. 168 Bewertungen für SABIC in Saudi-Arabien. Tensile in 200 mm (min.) As a leader in the Gulf region for steel production and manufacturing, SABIC produces high-quality metals, and has played a vital role in the construction and industrialization of some of the world’s fastest growing economies. Tel: +966 (011) 225 8000 . 29.11.2017 Redakteur: Wolfgang Ernhofer. The company is based in Riyadh and has interests in 17 affiliated companies, which range from full ownership to significant partial participation. [21], Expansion operations and investments are projected to amount to US$20 billion in 2007 and US$70 billion until 2020. Net income for the third quarter of 2010 was ر.س 5.33 billion, compared to net income of ر.س 3.65 billion in the same period the previous year, representing an increase of 46 percent and compared to ر.س 5.02 billion for the previous quarter, a rise of 6 percent. Lesen Sie Erfahrungsberichte und Insider-Infos, anonym von Mitarbeitern gepostet. Mechnical Properties of SABIC Steel Rebars. SABIC is a market leader in key products such as ethylene, ethylene glycol, methanol, MTBE and polyethylene. Elongation (min.) The overall total production in 1985 was 6.3 million metric tons; by the end of 2008 it had reached 56 million metric tons. Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية‎), known as SABIC (Arabic: سابك‎), is a Saudi Arabian multinational chemical manufacturing company, and a subsidiary of the state-owned petroleum and natural gas company Saudi Aramco. Most of these are based in the Al-Jubail Industrial City on the coast of the Persian Gulf. It employs over 3,000 people and has two major manufacturing locations in Geleen in the Netherlands and Gelsenkirchen in Germany. SABIC (SAudi Basic Industries Corporation) (Arabic: الشركة السعودية للصناعات الأساسية ، سابك‎) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. Now a Saudi company has come up with a solution for what is a particular problem in the Gulf where people often move between humid and air-conditioned environments. 70% of SABIC's shares are owned by Saudi Aramco. SABIC HEADQUARTERS. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul. [13], In 2005, SABIC was the Middle East's largest (in terms of market capitalization) and most profitable publicly listed non-oil company, the world's 11th-largest petrochemical company, ranked 331 on the Fortune Global 500 for 2005, the second-largest producer of ethylene glycol and methanol in the world, the third-largest producer of polyethylene and overall the fourth-largest producer of polypropylene and polyolefin. SABIC underwent a business restructuring in October 2015, that saw the absorption of the commodity chemicals produced under the Innovative Plastics SBU into the Chemicals and Polymers SBUs. Our Brand . Nusaned Investment will invest equity alongside local and international investors to localize mature technologies and pioneer emerging technologies in the Kingdom If you continue without changing these settings, you consent to this - but if you want, you can change your settings at any time at the bottom of this page.Cookie Policy, Home Saudi Arabien: Mega-Anlagenkomplex Saudi Aramco und Sabic planen weltgrößten Chemiekomplex . We'll be in touch shortly. [7] The first chairman of the company was Ghazi Abdul Rahman Al Gosaibi, the Minister of Industry and Electricity, and the first CEO was Abdul Aziz Bin Abdullah Al Zamil. Saudi Arabia’s SABIC has a fix for foggy COVID visors . This green building project is the design of SABIC’s Home of Innovation in Riyadh. INDIA Gurgaon , North India Phone: + 91 -124-4745300 ext. Image used for illustrative purpose. [17] As of 2014, SABIC Innovative Plastics[18] is a multibillion-dollar company with operations in more than 25 countries and over 9,500 employees worldwide. Measured over all its branches, it became (as of 2014) the world's 98th-largest corporation on the Forbes Global 2000 ranking (which lists only publicly traded companies), with sales revenues of $50.4 billion, profits of $6.7 billion and assets standing at $90.4 billion.[6]. Saudi Basic Industries Corporation (SABIC), Saudi Arabia - Company information along with stock price and performance. In January 2007, SABIC Europe took over Huntsman Corporation plants in the UK. SABIC employs more than 40,000 people globally and has 60 manufacturing and compounding plants in over 40 countries.[8]. REUTERS/FAISAL NASSER. 27.03.2019 [16] In that year, the company ranked 145 (previous rank: 301) in the Forbes Global 2000 list. 362 Mumbai , … Together we're making Chemistry that Matters™. You already … [7], SABIC's founding transformed the small fishing villages of Jubail on the Persian Gulf and Yanbu on the Red Sea into modern industrial cities. Capex to Moderate by 2022: We expect SABIC's capex to moderate towards SAR10 billion by 2022 from a SAR20 billion peak in 2019 because its major project, the petrochemical JV in the US Gulf with ExxonMobil, should be completed in 2022. SABIC is also partners in three regional ventures based in Bahrain. [24], List of largest companies in Saudi Arabia, "SAUDI BASIC INDUSTRIES CORP (SABIC:Saudi Arabia): Stock Quote & Company Profile - Businessweek", "Petromin: the slow death of statist oil development in Saudi Arabia", "SABIC announces global operational transformation to better meet customer needs | News | News & Media | SABIC", http://www.chemicals-technology.com/projects/safco/, "Sabic dissolving Innovative Plastics unit, leaving Pittsfield, Mass., HQ | Plastics News", "Saudi Chemical Maker in Dutch Acquisition", "Saudi SABIC says China govt approved Sinopec JV | Reuters", "Saudi Aramco Agrees to Buy 70% Stake in SABIC from Kingdom's Public Investment Fund | SUSTG.com – News, Analysis, and Features on all things Saudi Arabia", "Saudi Aramco extends payment plan as it closes $69bn Sabic deal", https://fortune.com/global500/2019/sabic/, "SABIC to lift steel capacity to 10 million tons by 2025", "IBN SINA signs engineering plastic project contract", https://en.wikipedia.org/w/index.php?title=SABIC&oldid=995034857, Government-owned companies of Saudi Arabia, Multinational companies headquartered in Saudi Arabia, Short description is different from Wikidata, All articles with vague or ambiguous time, Vague or ambiguous time from January 2014, Articles with unsourced statements from December 2020, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Saudi-European Petrochemical Company (Ibn Zahr), Arabian Industrial Fibers Company (Ibn Rushd), Jubail United Petrochemical Company (United), Verton (long fiberglass-reinforced polymers), This page was last edited on 18 December 2020, at 21:33. [5] In 2010, SABIC grew to be the second-largest diversified chemical company, or first when measured only by asset value. Das Unternehmen befindet sich mehrheitlich (zu 70 Prozent) im Besitz von Saudi Aramco und ist im Tadawul-All-Share-Index an der Wertpapierbörse Tadawul notiert. Agt % SASO ASTM A615M: 280(40) 12 14 – 18: 280: 420: … SABIC unit invests in PPE manufacturing plant Nusaned Investment invests in Jubail facility operated by Abdul Aziz and Brothers Co. In 2008, SABIC Europe produced 7.3 million metric tons of petrochemicals, mainly for the European market. 2550 Xiupu Road Pudong 201319 Shanghai China T +86 21 3222 4500 F +86 21 6289 8998 . AFP. [3] SABIC is also the world's largest producer of methyl tert-butyl ether, granular urea, polycarbonate, polyphenylene and polyether imide. Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية‎), known as SABIC (Arabic: سابك‎), is a Saudi Arabian multinational chemical manufacturing company, and a subsidiary of the state-owned petroleum and natural gas company Saudi Aramco. Saudi Arabia - Saudi Basic Industries Corporation (HQ) Back to results. About Us Thank you for registering for our newsletter. Tagesaktuelle Nachrichten, News und Meldungen zum Thema Sabic aus Wirtschaft und Wissenschaft in Analytik, Labortechnik, Chemie, Verfahrenstechnik, Prozesstechnik, Anlagenbau finden Sie … Sabic is speaking with advisers as it weighs a potential listing of the business as early as 2021, the people said, asking not to be identified as the matter is private. Nusaned Investment aims to invest in and support the development of Saudi Industrial projects and SMEs. SABIC is also partners in three regional ventures based in Bahrain. Standard & Poor's and Fitch Ratings claimed SABIC to be the world's largest producer of polymers and the Persian Gulf region's largest steel producer for 2005; they assigned SABIC an "A" corporate credit rating. ], SABIC reported preliminary consolidated financial results for the period ended September 30, 2010. [3] After forming SABIC Europe, SABIC became the 11th-largest petrochemicals company in the world. SABIC CEO Yousef Al-Benyan had previously stated, in November 2017, that the company was looking to spend $3bn-$10bn on acquisitions over the next 10 years. The iView is not compatible with your browser, operating system, or device. [12] SABIC Europe, SABIC's European subsidiary, produces over 2 million metric tonnes of polymers and over 5 million metric tonnes of basic chemicals. [4] By the end of 2018 SABIC was the world's 281th-largest corporation. Yield Strength MPa (min.) SABIC was founded in 1976 by royal decree to convert oil by-products into useful chemicals, polymers, and fertilizers. Chemicals giant SABIC … images courtesy of SABIC Home of Innovation. JEDDAH: SABIC, the Riyadh … It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. SADAF operates a complex in Al Jubail, Saudi Arabia, which comprises six petrochemical plants with a total production capacity of more than 4 million tonnes/year as well as a cogeneration power station. In July 2002, SABIC commenced operations in Europe after the $2 billion acquisition of the petrochemicals business of Dutch group DSM. Für rund 17 Milliarden Euro wollen die Chemie- und Erdölgiganten Sabic und Saudi Aramco eine integrierte Chemieanlage bauen. Along with this, the Specialties SBU was created to house the remainder of the Innovative Plastics products that did not fall under the commodity umbrella and the Innovative Plastics SBU would cease to exist by January 1, 2016. Careers at SABIC Language . Für die Linie mit einer Kapazität von 400.000 jato, die eine der Schlüsselanlagen im westeuropäischen Markt darstellt, hatte der saudische Konzern nach einer technischen Panne Anfang November 2020 FM erklärt. SINGAPORE (ICIS)--Saudi Aramco and SABIC are now looking at integrating existing refineries in Yanbu, Saudi Arabia with a world-scale mixed feed steam cracker and downstream olefin derivative units, as part of their planned oil-to-chemicals project. Our ambition is to increase local content in materials and services and reduce reliance on imports by supporting capable and competitive local manufacturers as well as stimulating employment for the local workforce. In 2004, the value of SABIC shares, listed on the Saudi Stock Exchange (Tadawul), increased 170% while its net profits increased by 112% from 2003 to 2004. [1] It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul. In 2017, SABIC was ranked fourth in the world among chemical companies by Fortune Global 500,. In June 2006, SABIC established the "SABIC Sukuk Company" to issue Islamic bonds (Sukuk) that are estimated to range between ر.س 1 billion (US$266.67 million) and ر.س 3 billion (US$800 million). Saudi stocks rebounded on Tuesday, with the benchmark Tadawul All Share Index (TASI) rising 1.7 percent, or 142 points, to 8,680 points on Tuesday. Saudi Arabia - Saudi Basic Industries Corporation (HQ), Address: PO Box 5101, Riyadh 11422, Saudi Arabia, You already have 4 products for comparison. Get in touch with us. [22], Net profits of SABIC in 2008 touched ر.س 22 billion (US$5.86 billion), while total assets stood at ر.س 272 billion (US$72.5 billion) at the end of 2008 and the value of current assets at the end of 2008 stood at ر.س 95 billion (US$25 billion). Updated 28 December 2020 . Zwar – so … Production in 1985 was 6.5 million tons; five years later production rose to 13 million tons and by 2003 production had risen to 42 million metric tons and by 2012 to over 60 million tons. We believe the answer to some of the world's biggest challenges lies in the natural human instinct to collaborate. [23] The Fortune 500 ranking set SABIC revenues as of $40.2 billion.[when? Three are located in Yanbu Industrial City on the Red Sea and one in eastern province city of Dammam. Most of these are based in the Al-Jubail Industrial City on the Arabian Gulf. That same year, Bloomberg ranked SABIC as the 13th-largest company in the world in terms of market capitalization (at the beginning of 2005 it exceeded ر.س 375 billion, the equivalent of US$100 billion) and the second-largest by market value outside the US and UK.[13]. Corporate Communications; Finance; Global Branding; Human Resources; Investor Relations; Sales; Compare up to 4 grades. Saudi Basic Industries Corp (SABIC) said on Thursday it has agreed to sell its agri-nutrients abusiness to Saudi Arabia Fertilizers Co (SAFCO), in which it owns a 43 percent stake. > Two are located in Yanbu Industrial City on the Red Sea and one is in the eastern city of Dammam. Fax: +966 (011) 225 9000. SABIC's manufacturing network in Saudi Arabia consists of 18 affiliates. ASIA PACIFIC. SABIC is working on many initiatives to attract local and foreign investors. العَرَبِيَّة (السعودية) Deutsch (Deutschland) English (United Kingdom) English (United States) Español (México) 日本語 (日本) Nederlands (Nederland) Português (Brasil) 简体中文 (中国大陆) View Profile Language . 98 Bewertungen für SABIC in Riyadh, Saudi Arabia. Tensile to Yield Ratio (min.) It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. The business units are currently: Chemicals, Polymers, Fertilizers (SABIC has three fertiliser affiliates: Safco, Samad and Ibn Al-Baytar ),[10] Metals and Specialties, plus manufacturing. SABIC benefits from low subsidised methane and ethane prices in Saudi Arabia, that we expect to remain unchanged over the rating horizon. Saudi Basic Industries Corporation (Sabic) is considering an initial public offering of its multibillion-dollar specialty chemicals unit, people familiar with the matter said. SABIC produziert mit Großanlagen in Saudi-Arabien, Nord- und Südamerika, Europa sowie im asiatisch-pazifischen Raum und verfügt über bedeutende Forschungsressourcen und 17 spezielle Technologie und Innovation Zentren in Saudi-Arabien, den USA, den Niederlanden, Spanien, Japan, Indien und Südkorea. SABIC completed the purchase of Shell’s 50% stake in SADAF for $820 million in August 2017. SABIC‘s steel strengthens structures and reinforces the foundations of prosperity in Saudi Arabia and the region. It is currently the second-largest global ethylene glycol producer and is expected to top the list after the introduction of new projects. Sabic is speaking with advisers for a potential listing of the business as early as 2021 Saudi Arabia: Phone: +966 (0) 1 225 8000 Fax: +966 (0) 1 225 9000 info@sabic.com . Send us a message. The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. Is working on many initiatives to attract local and foreign investors transaction was completed in June 2020, first... Was 6.3 million metric tons ; by the end of 2008 it had reached 56 million metric tons ; the. Natural human instinct to collaborate Finance ; Global Branding ; human Resources ; Investor ;! Sich Insidern zufolge für rund 17 Milliarden Euro wollen die Chemie- und Metall-Konzern SABIC some of petrochemicals. 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Tadawul-All-Share-Index an der Wertpapierbörse Tadawul notiert ] the Fortune 500 ranking set SABIC revenues as of $ billion... And one in eastern province City of Dammam 60 manufacturing and compounding plants in the UK are... Global 2000 list Swiss specialty chemical manufacturer 11422, Saudi Arabia ’ s balance! S SABIC has a fix for foggy COVID visors is expected to top the list after the introduction of projects... In key products such as ethylene, ethylene glycol, methanol, and! Contributing to Saudi Vision 2030 in January 2018, SABIC commenced operations Europe! The coast of the Performance chemicals portfolio into the chemicals SBU Branding ; human Resources ; Investor Relations ; ;... Had acquired a 24.99 % stake in Clariant, the Swiss specialty chemical manufacturer Investor Relations ; ;... 17 affiliated companies, which range from full ownership to significant partial participation HQ ) Back to results sich zufolge!