SABIC Shows Production and Technical Strength at CHINAPLAS 2010

SABIC Press Release
April, 2010

  

Saudi Basic Industries Corporation (SABIC) has taken one the largest exhibition spaces this year at the CHINAPLAS 2010 Exhibition to be held at Shanghai’s New International Expo Center from April 19 through April 22.

Officially designated as the 24th annual event in the exposition’s history, this year’s trade fair carries the theme, “Green Plastics: Our Goal, Our Future.”  More than 75,000 visitors are expected to attend this year’s fair to view exhibits by about 2,100 exhibitors from 30 countries.

“China is the world’s strongest growth market and a strong focus for SABIC’s strategic plans,” said Mohamed Al-Mady, Vice Chairman and CEO of SABIC, “and we intend to engage with our customers and partners in China to pursue “greener” sustainable development going forward. The Chinese plastics industries have maintained steady growth in output and output value and are major customers for our exported products, including feedstocks for their plastics industries and thermoplastics for the automotive, aircraft and consumer electronics manufacturers. Moreover, China’s own domestic demand is also expected to further contribute to a noticeable pickup in growth.”

The variety of products that SABIC exports to China, in turn, supports the manufacture of film, pipe, textiles, cable coating, automotive materials, and many other products. Production from the new petrochemical complex at Tianjin, built and operated as a joint venture with China’s SINOPEC, will also further bolster SABIC’s strategic presence in China.

SABIC is also showcasing its Innovative Plastics unit’s thermoplastics and high-performance applications that solve key industry challenges, including those related to sustainability and system cost reduction. The company will also demonstrate the capacity of its Color Innovation Center in Shanghai, which offers fast and accurate ColorXpress color customization and color matching services of interest to many industry applications.

Sustainability solutions based on reducing weight, fuel usage and emissions, and including also the use of recycled plastics or bio-based materials, as well as non-halogen, flame retardant (FR) materials, will be introduced to trade representatives. Additionally, award-winning VALOX IQ™ resins that utilize up-cycled polyethylene terephthalate (PET) water and tea bottles are featured in colorful chopsticks from Sanshin Kako. These can be reused up to 1,000 times and are certified as an Eco-mark product in Japan.

SABIC will also feature system cost reduction benefits and competitive advantage as two of its key themes. A set of decorative lamps from NingBo ITG Lighting designed to illuminate an Italian opera house features shades molded from transparent LEXAN™ FR polycarbonate (PC) resin, another Innovative Plastics material that offers outstanding UV resistance without the cost of secondary coating that traditional PC grades require.

Window profiles from Shide Group (Dalian, China) are also on display and are extruded from polyvinyl chloride (PVC) with cap stock made from weatherable GELOY™ resin. The appealing molded-in copper metallic effect of GELOY resin surpasses traditional painted aluminum, helping contractors stand out from the competition when bidding on housing projects.

Known as an automotive-materials powerhouse, SABIC’s Innovative Plastics unit brings to market many materials used extensively throughout today’s vehicles to deliver lightweight performance, design freedom and outstanding aesthetics. Fenders molded from conductive NORYL GTX™ resin with on-line paintability are up to 50 percent lighter than steel, helping to conserve fuel and cut greenhouse gas emissions. Similarly, a 3 kg front-end module molded from STAMAX® long-glass-fiber polypropylene replaces 7 kg of steel, and provides excellent strength and dimensional stability.

In glazing applications, crystal-clear LEXAN resin with a protective coating can replace glass to reduce weight by up to 40 percent and enable new designs. Design freedom is also a key automotive concept on display, including the advantages of the company’s new steering wheel material, LEXAN EXL copolymer resin, accommodates electronics within the hollow spokes and rim. Energy absorbers molded from XENOY™ resin offer a lower-leg pedestrian safety solution to meet the requirements of different regions, including China, Europe and Japan. Finally, ultra-thin-wall wire insulation using non-halogenated flexible NORYL resin improves scrape abrasion, durability and reduces the size and weight of the wiring harness.

SABIC will host an estimated 75,000 visitors to its exhibit during the fair’s run. Last year SABIC received 72,000 visitors at its exhibit.

ENDS
Samir A. Al-Abdrabbuh
Vice President, Corporate Communications


Notes to Editors


About SABIC


Saudi Basic Industries Corporation (SABIC) ranks among the world’s top six petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

SABIC recorded a net profit of SR 9  billion (US$ 2.4  billion) in 2009. Sales revenues for 2009 totaled SR 103 billion (US$ 27 billion). Total assets stood at SR 297 billion (US$ 79.2 billion) at the end of 2009.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with six dedicated Technology & Innovation Centers in Saudi Arabia, Europe, the USA and India.. The company operates in more than 40 countries across the world with 33,000 employees worldwide.

The company has 19 world-scale complexes in Saudi Arabia. Elsewhere, SABIC manufactures on a global scale in the Americas, Europe and Asia Pacific. SABIC’s overall production has increased from  35 million metric tons in 2001 to 59 million metric tons in 2009.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.


 

 

For more information contact:

  

Samir A. Al-Abdrabbuh
Vice President, Corporate Communications