- Net profits in 2011 touched SR 29.24 billion (US$ 7.80 billion).
- Total assets stood at SR 332.78 billion (US$ 88.74 billion) at the end of 2011.
- SABIC’s overall production has increased from 35 million metric tons in 2001 to 69 million metric tons in 2011.
For more information on SABIC’s performance in 2011 please download our annual report from the Publications page of this website.
- SABIC was first conceived in 1976, and began production in 1981.
- SABIC is a market leader in key products such as ethylene, ethylene glycol, methanol, MTBE, polyethylene and engineering plastics and its derivatives.
- Chemicals, SABIC’s largest strategic business unit, accounts for around 60% of the company’s total production.
- SABIC is the world’s third-largest producer of polyethylene and polypropylene.
- SABIC is also the world’s largest producer of mono-ethylene glycol, MTBE, granular urea, polycarbonate, polyphenylene and polyether imide.
- The Saudi Iron and Steel Company (HADEED), based in Al-Jubail, is one of the world’s biggest fully-integrated steel producers.
- SABIC Europe, SABIC’s European subsidiary, produces over 2 mmt of polymers and over 5 mmt of basic chemicals, mainly in Europe, and employs nearly 6,000 people.
SABIC operates in more than 40 countries across the world and has 60 world-class manufacturing and compounding plants in locations across the Middle East, Asia, Europe and the Americas. Its headquarters are in Riyadh, the capital of Saudi Arabia.
TECHNOLOGY AND INNOVATION
- SABIC has Technology and Innovation centers in Saudi Arabia, the United States, Europe, China, Japan, Korea and India.
- Our Global Application Technology organization develops more than 150 new products every year.
- Backed by more than 8,000 global patents.
SAFETY AND THE ENVIRONMENT
- In 2008, the Safety, Health and Environmental Performance Index (SHEPI) of SABIC Saudi-based affiliates was 0.74 – within the upper control limits set for the year.
- SABIC Europe recorded only two recordable injuries to employees in 2008, down from eight in 2007.
- The SABIC Innovative Plastics injury rate fell from 0.95 to 0.89 in 2008.
- SABIC affiliates and contractors have achieved more than 157 million safe man-hours without lost time or injuries.
- The Responsible Care Award, the National Safety Council Award, the Royal Society for Prevention of Accidents, the British Safety Council, the Japan Industrial Safety and Health Association, and Saudi Arabia’s Royal Commission have all recognized SABIC’s Safety, Health and Environment performance.
For more information about our dedication to safety and the environment please see our Sustainability page.