Sabic metals company. 99 billion in 2020, a decrease of SAR 1. Our presence in almost all European countries, and a global footprint as the third largest diversified chemical company, truly enables us to bring Chemistry That Matters™ to the region. SABIC (Saudi Basic Industries Corporation) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. 5 million metric tons. Hadeed’s vision is to be the preferred local and regional leader in the steel industry. SABIC’s growth has been nothing short of miraculous. 80 billion or -17%, compared to SAR 10. . Fax: +966 (011) 225 9000. From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. 35 billion. SABIC is a diversified chemicals company, manufacturing on a global scale in the Americas, Europe, Middle East and Asia Pacific. See insights on SABIC including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Chemicals. Total assets were US$ 78. Metals Revenues amounted to SAR 8. From making cars and planes more fuel-efficient, to From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. Chemistry That Matters | SABIC is a global leader in chemicals headquartered in Riyadh, Saudi Arabia. SABIC is a diversified chemical company, originally focusing on petrochemicals, and developing its vertical integration on core businesses like Specialties and Agri-Nutrients. (SABIC), plans to add 4 million tons of annual steel output capacity to reach 10 million tons by SABIC operates through three Strategic Business Units (SBUs) and Metals (Hadeed), a fully owned SABIC affiliate. We also use cookies to analyze how our site performs, understand your preferences and deliver tailored commercial content on this and other sites. 03 billion, compared to SAR 10. Sep 3, 2023 · The Public Investment Fund will acquire Saudi Iron & Steel Company from Sabic, as the chemicals firm is known. Send us a message From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. Net income in 2023 was US$ 0. The company is engaged in the manufacturing of petrochemicals, chemicals, industrial polymers, fertilizers and metals. An overview of SABIC sales, income from operations, net income for the year, assets, equity and liabilities and cash flows. SABIC’s overall production in 2023 was 53. 5 billion at the end of 2023. Saudi Basic Industries Corp (SABIC), a subsidiary of Saudi Arabian Oil Co, is a manufacturer of petrochemicals. As the world recovers from the effects of the pandemic, SABIC anticipates an increase in local and global demand in 2022 and beyond. SABIC, headquartered in Riyadh, has a global footprint serving its customers in more than 140 countries, operating across Americas, Europe, Middle East & Africa and Asia SABIC operates through three strategic business units (SBUs) and Metals (Hadeed). Sep 3, 2023 · The Public Investment Fund (PIF) has today announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC) Metals (Hadeed) revenues amounted to SAR 15. SABIC - SABIC homepage From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. SABIC at a Glance ABOUT SABIC. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. In 2018, chemicals and specialty chemicals represented about 88 percent of its sales and 93 percent of total profits, while fertilizers represented less than 3 percent of its sales and 5 percent of profits, and metals were 6 percent of its SABIC’s strategy sets forth a roadmap for the company to realize its vision of becoming the preferred world leader in chemicals Business Performance An overview of SABIC sales, income from operations, net income for the year, assets, equity and liabilities and cash flows From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. In 2022, SABIC will mark twenty years of serving our customers in Europe. Read More Get in touch with us. It supplies customers throughout the Middle East, Far East, Africa, and the US with a wide variety of agri-nutrient products, from general to highly specific, helping address the world’s ever growing demand for food. Aug 25, 2023 · The US-based R&D World magazine awarded SABIC in the Mechanical/Materials category for its new grade of resin with a novel plastic-based design as an alternative to metal. Strategy SABIC’s strategy sets forth a roadmap for the company to realize its vision of becoming the preferred world leader in chemicals. SABIC’s chemicals portfolio constitutes the most basic building blocks of a large variety of other chemicals and advanced materials, ultimately enabling the manufacture of a vast range of industrial and consumer goods. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In June 2020, Aramco acquired the government’s From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. SABIC’s strategy sets forth a roadmap for the company to realize its vision of becoming the preferred world leader in chemicals Business Performance An overview of SABIC sales, income from operations, net income for the year, assets, equity and liabilities and cash flows From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. Toward a greener Europe: SABIC’s commitment to inclusive innovation. Jun 13, 2023 · SABIC is among the world’s largest petrochemical manufacturers, with operations in around 50 countries and a global workforce of over 31,000 people, as of 2022. SABIC’s strategy sets forth a roadmap for the company to realize its vision of becoming the preferred world leader in chemicals Business Performance An overview of SABIC sales, income from operations, net income for the year, assets, equity and liabilities and cash flows May 11, 2021 · Compared to conventional battery pack designs using traditional materials such as aluminum and other metals, SABIC’s concept using lightweight thermoplastics can potentially realize 30 to 50 percent weight savings per component, improve energy density, simplify the assembly process, reduce costs, improve thermal control and safety and enhance From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. FACTS AND FIGURES FINANCIAL PERFORMANCE. R&D World also recognized Bob Maughon, SABIC Executive Vice President, Technology & Innovation, as “R&D Sustainability Innovator of the Year” in the Professional Category. SABIC supplies metal products under its brand through Hadeed, a fully owned steel manufacturing affiliate. 39 billion, an increase of SAR 2. Saudi Arabia is looking to attract billions of dollars of investment to increase local supplies and reduce imports, and we support the country’s focus on differentiated steel investment. Aug 19, 2024 · SABIC has 5 employees across 84 locations and ﷼154. 8 billion in 2018. Revenue in 2019 was SAR 10. Overview . Address: PO Box 5101, Riyadh 11422, Saudi Arabia. The primary elements of our strategy remain the same; however, our new mapping allows us to more accurately represent and report on the broad value proposition that we offer our shareholders and stakeholders, which is the primary aim of this Annual Report. Petrochemicals: manufacturing, distribution and sale of commodity and performance chemicals and polymers. It made its first big deal in global metals in July with the $2. SABIC is a significant player in the fertilizers industry. It works through four businesses, covering petrochemicals, agri-nutrients, specialties, and metals, with production at 65 manufacturing sites and sales across more than 100 countries. With SABIC’s new high- purity SD1100P specialty dianhydride powder, PI films can perform better with lower water absorption, better dielectric performance, and metal adhesion compared to oxydiphthalic anhydride (ODPA), thus meeting demands for higher speed and capacity in 5G networking infrastructure and end-point devices. Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية), known as SABIC (Arabic: سابك), is a Saudi chemical manufacturing company. HADEED is an integrated steel plant and is a leading producer of quality steel products (Long and Flat) in the Middle East where infrastructural development is at the forefront of the agenda. 70% of the Company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi stock exchange. Metals prices are expected to maintain the high levels reached during 2021 as China continues to curb production. The company has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia. This was attributed to a decrease in sales volume by -2% compared to 2018, which is driven by steel demand that dropped as compared to 2018, partially offset by a slightly better average selling price and product mix. Specialties: manufacturing, distribution and sale of specialty plastics. Necessary cookies ensure that this site functions properly. For more information about which cookies we use, the information collected and SABIC’s purposes, please see our Cookie Notice. Agri-Nutrients. (Hadeed), the metals affiliate of Saudi Basic Industries Corp. Tel: +966 (011) 225 8000. High feedstock prices in Europe will also limit local production and increase the demand for imports. At SABIC we are seeking to maximize the value of used plastic and build a truly circular economy, while meeting the needs of manufacturers and consumers. Saudi Basic Industries Corp is a chemicals manufacturer in Saudi Arabia. 6 billion From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. SABIC, headquartered in Riyadh, Saudi Arabia, operates in around 50 countries, with production at 66 manufacturing/compounding sites, and sales across more than 100 countries. SABIC operates through three Strategic Business Units (SBUs) and Metals (Hadeed), a fully Saudi Iron & Steel Company (Hadeed) HADEED, a SABIC affiliate, was established in 1979 in Jubail Industrial City in the Eastern Province of Saudi Arabia. Jan 9, 2020 · Notwithstanding SABIC’s activities in fertilizers and metals, it is still mainly a chemical company. 79 billion, a decrease of SAR 0. It manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics and agri-nutrients. 59 b in annual revenue in FY 2023. Our product portfolio consists of a broad range of hot-rolled and cold-rolled flat products in coil form, long products, and wire rod coils. – SABIC pioneered with Polivoug and the Nueva Pescanova Group to produce sustainable seafood packaging made from TRUCIRCLE™-certified circular post-consumer plastic recovered from waterways. We are the first petrochemical company in the world to scale-up high-quality processes for the chemical recycling of used mixed plastic back to the original polymer for commercial application. 2021 Annual Report features an update to our value proposition map, which has been a staple of our corporate reporting since 2019. Apr 11, 2014 · ALKHOBAR: Saudi Iron and Steel Co. – SABIC introduced a new set of STAMAX™ long glass fiber PP grades with recycled material under the company’s TRUCIRCLE™ portfolio. SABIC is also the largest company in the Middle East. Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. It is the largest public company in Saudi Arabia, as listed in Tadawul, but the Saudi government still owns 70% of its shares. May 11, 2021 · Compared to conventional battery pack designs using traditional materials such as aluminum and other metals, SABIC’s concept using lightweight thermoplastics can potentially realize 30 to 50 percent weight savings per component, improve energy density, simplify the assembly process, reduce costs, improve thermal control and safety and enhance From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. 70% of SABIC's shares are owned by Saudi Aramco. 79 billion in 2019. Saudi Basic Industries Corporation (SABIC) is a Saudi Arabia-based public shareholding company that operates in the chemicals and metals industry sectors. 58 billion or 20% compared to 2021, driven by an increase in sales volumes by 19% and increase in average sales prices by 1%. Our manufacturing plants produce a wide range of world-class products including olefins, glycols, aromatics, oxygenates, and a variety of functional chemicals, alongside a portfolio of polymers that includes polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, and engineering thermoplastics (ETP), such as polycarbonate, acrylonitrile butadiene styrene (ABS From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, we find solutions to the challenges of today to help our customers achieve their ambitions and build a better tomorrow. This was attributable to the decrease in average selling prices and sales volume by -5%. SABIC | 1,294,525 followers on LinkedIn. Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. SABIC’s 2021 Annual Report features an update to our value proposition map, which has been a staple of our corporate reporting since 2019. SABIC General Information Description. Read More Saudi Basic Industries Corp (SABIC), a subsidiary of Saudi Arabian Oil Co, is a manufacturer of petrochemicals. iqjnhisxnvnzbxbzlljtvkailtwsljlkxzbyhnlabsljyrbyyfyuxcxa