Saudi Basic Industries Corporation
| SABIC
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | SA0007879121 |
| founding | 1976 |
| Seat |
Riyadh , Saudi Arabia
|
| management |
|
| Number of employees | 33,000 (2018) |
| sales | 45 billion US dollars (2018) |
| Branch | Petrochemicals |
| Website | www.sabic.com |
The Sa udi B asic I ndustries C orporation (short SABIC ), Arabic الشركة السعودية للصناعات الأساسية ، سابك, Is a Saudi Arabian chemicals - and metal - Group and claims to be the leading metal producer in the Middle East. The company is majority owned (70 percent) by Saudi Aramco and is listed in the Tadawul All Share Index on the Tadawul Stock Exchange.
In the Forbes Global 2000 of the largest listed companies, SABIC ranks 120th (as of FY 2017). The company had a market value of around USD 92 billion in mid-2018.
history
SABIC was founded in 1976 in order to be able to process natural resources, especially oil and natural gas , in their own country. There were also other mining products.
The head office is located in the Saudi Arabian capital Riyadh . Most of the production facilities are located in al-Jubail on the Persian Gulf and in Yanbuʿ al-Baḥr (“source by the sea”) on the Red Sea .
In 2002, SABIC acquired the petrochemicals division of the Dutch DSM , thereby taking over European plants in Sittard-Geleen (NL) and Gelsenkirchen . Since the beginning of 2007, SABIC has had another European location in Teesside, England .
In May 2007, SABIC acquired the GE Plastics division of General Electric (GE). The company paid $ 11.6 billion for this.
In addition to two large production facilities (al-Jubail and Yanbu), SABIC has 16 other production facilities in Saudi Arabia, including a. one fertilizer factory in Ras al-Khair , and three in Bahrain. SABIC also has European production facilities and a. in Geleen , Gelsenkirchen , Teesside , Bergen op Zoom , Genk and Cartagena .
In 2018, net income was $ 5.7 billion and sales were $ 45 billion.
In 2019, the state-owned oil company Saudi Aramco bought 70% of the shares in the Saudi Arabian public investment fund for $ 69 billion.
Business areas
The main business areas of SABIC are current
- Basic chemicals ( methanol , ethanol , ethene , propene , benzene , xylene , methyl tert-butyl ether ( MTBE ), styrene , 1,3-butadiene , 1-butene )
- Intermediate products ( ethylene glycols , dichloroethene , vinyl chloride (monomer of PVC), sodium hydroxide , dioctyl phthalate )
- Polyolefins ( polyethene and polypropene )
- Polyvinyl chloride (PVC) and polyester ( polystyrene , polycarbonate (e.g. Lexan®), melamine etc.)
- Fertilizers ( urea , ammonia , phosphates etc.)
- Metals ( steel , aluminum )
Newer products are plastic building materials, wallpaper, bookbinding glue, artificial leather .
Sabic has research departments in Riyadh, al-Jubail, for all areas that are based in Riyadh.
Web links
- SABIC website
- Official website of SABIC Gelsenkirchen
- Jutta Hoffritz : Secretly to the top of the world. In: Die ZEIT , No. 44 of October 28, 2010, p. 30f.
Individual evidence
- ↑ a b c Annual Report 2018. Retrieved May 8, 2019 .
- ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
- ↑ 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. Retrieved May 25, 2019 (American English).