Saudi Basic Industries Corp - Company Profile
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Business Description
Saudi Basic Industries Corp (SABIC), a subsidiary of Saudi Arabian Oil Co, is a petrochemical manufacturing company that manufactures and sells fertilizers, chemicals and metals.
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R&D Overview
Research and development (R&D) activities focus on processing and acquiring technology and technological licenses for expanding its technology, venturing through initiatives and improving the efficiency of manufacturing facilities. The company collaborates with global research institutions and various universities in Saudi, to carry out R&D activities. It operates the SABIC Technology Center in Shanghai and the SABIC Plastics Application Development Center in Riyadh. In FY2022, the company spent SAR1,644 million on its R&D, which as a percentage of its revenue stood at 0.8% and grew 2.8% YoY. As of December 2022, it had 9,948 issued patents and patent applications. In FY2022, the company filed 233 new priority patent applications.
Business Segments
Overview
Offers fertilizers such as urea; phosphate products such as diammonium phosphate (DAP) and monoammonium phosphate (MAP); ammonia; and compound fertilizers. Focuses on developing new and better formulations for strengthening its product portfolio. Also aims at broadening its global asset footprints, downstream integration and distribution.
Performance
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Overview
Manufactures steel products such as flat and long steel products. The portfolio of products includes reinforcing bars, rebar-in-coil wire rod coils, light sections, billets, hot rolled, cold rolled, galvanized and color-coated products and steel slabs.
Performance
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Overview
Offers petrochemicals, linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), random, copolymer and specialty automotive grades. Produces polycarbonate (PC), polyester, polyvinyl chloride (PVC), polystyrene, polypropylene compounding and STAMAX. Produces products from a hydrocarbon feedstock, including ethane, methane, butane, propane, and light naphtha, with a diverse range of products such as carbon dioxide, methyl tertiary butyl ether, ethylene, and other chemicals. Specialties include polymer technologies, innovative process technologies, application development on a global scale, and environmentally responsible solutions. The portfolio of products includes resins, compounds and copolymers, and thermosets and additives. Major brands include NORYL, ULTEM, and LNP.
Performance
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Geographical Segments
Performance
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Target Markets
The US, Mexico, Argentina, Canada and Brazil.
Performance
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Performance
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Performance
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Performance
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Target Markets
UAE, Tunisia, South Africa, Morocco, Lebanon, Iraq, Kenya, Ethiopia, Egypt and Australia.
Performance
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Target Markets
Singapore, Japan, India, South Korea, Malaysia, Philippines, Thailand, Vietnam and Indonesia.
Performance
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