Saudi Basic Industries Corporation · Riyadh Saudi Arabia
Company Description
Phone: +966-1-225-8000
Fax: +966-1-225-9000
Rankings
- #117 in FT Global 500
View Saudi Basic Industries Corporation Locations On A US Map
This link will open in a new window
This link will open in a new window SABIC's is an acronym for the Saudi Basic Industries Corporation, but it could stand for "seriously big industrial chemicals company." Saudi Arabia's largest non-oil company, SABIC produces chemicals through six units: chemicals, performance chemicals, polymers (polyolefins, PVC, and polyester), SABIC Innovative Plastics , fertilizers, and metals (mostly steel, along with stakes in aluminum companies). One of the world's largest makers of polyethylene and polypropylene (with LyondellBasell and Ineos ), it is majority owned (70%) by the Saudi government. In 2007 SABIC bought the former GE Plastics (now the Innovative Plastics unit) for $11 billion, greatly expanding its US operations and adding its seventh unit. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Saudi Basic Industries Corporation Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $40,145.5 |
| 2007 Employees | 31,000 |
Saudi Basic Industries Corporation Executives
19 executives listed for Saudi Basic Industries Corporation's Riyadh, location.
| Title | Name & Bio | Contact |
| Chairman | Saud Al-Saud | Network |
| Vice Chairman and CEO | Mohamed Al-Mady | Network |
| VP Corporate Finance | Mutlaq Al-Morished | Network |
Competition
Competitive Landscape for Saudi Basic Industries Corporation
Demand is driven by the health of the US economy because chemicals are used to make a wide variety of industrial and consumer products. The profitability of individual companies is closely tied to efficient operations. Big companies have large economies of scale in production. Small companies can compete effectively by producing specialty products, of which there are a large number, or by operating a single plant highly efficiently. The industry is capital-intensive: average annual revenue per employee is more than $500,000. To read the full description, subscribe now.Top Saudi Basic Industries Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!