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SABIC Innovative Plastics history
SABIC Innovative Plastics company history timeline
2001: Production capacity tops 35 million metric tons.
SABIC found a new market of a different sort in 2002, however.
2002: The company acquires the petrochemicals business of DSM, based in The Netherlands, as its first overseas expansion.
By the beginning of 2003, SABIC had grown into a diversified international operation with revenues of more than $9 billion.
Sales revenues for 2005 totaled $20.8 billion.
SABIC recorded a net income of SR 29.21 billion (US$ 7.79 billion) in 2011, and sales revenues totaled SR 190 billion (US$ 50.67 billion).
SABIC Executives Holding PLASTPOL 2012 Awards for Best Stand Design and Best Material Ingenuity for Valox iQ* Resin
In 2020, Saudi Aramco acquired a 70% stake in Saudi Basic Industries Corporation (SABIC).
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SABIC Innovative Plastics competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ashley Industrial Molding | 2001 | $37.5M | 100 | - |
| Pinnacle Polymers | 1999 | $37.5M | 100 | - |
| Pliant Plastics | 1961 | $14.2M | 50 | - |
| Bayer MaterialScience LLC | 2002 | $8.6M | 50 | - |
| FMC | 1883 | $4.2B | 6,500 | 19 |
| Bayer | 1973 | $17.0B | 20,735 | 3,302 |
| Ge Lighting | - | $37.0M | 50 | - |
| Union Carbide | 1917 | $4.4B | 3,800 | - |
| Syngenta | 2000 | $12.6B | 28,704 | 185 |
| Great Lakes Chemical Corporation | 1936 | $48.0M | 50 | - |
SABIC Innovative Plastics history FAQs
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SABIC Innovative Plastics may also be known as or be related to SABIC Innovative Plastics, SABIC Innovative Plastics Mt Vernon, SABIC Innovative Plastics Mt Vernon LLC and Sabic Innovative Plastics Mt. Vernon LLC.