Saudi Basic Industries Corp - Company Profile
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Business Description
Saudi Basic Industries Corp (SABIC), a subsidiary of Aramco Chemicals Co, is a diversified chemicals company. It manufactures chemicals, commodity and high-performance plastics, and agri-nutrients serving industries such as automotive, hygiene and healthcare, electrical and electronics, packaging, agriculture, consumer products, and building and construction. It operates in more than 140 countries.
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R&D Overview
SABIC focuses on developing and producing differentiated, value-added, and low-carbon products to support the evolving needs of end-users. The company emphasizes innovation in sustainable technologies, such as emissions reduction, circularity, process improvements, operational efficiencies, and sustainable applications. SABIC's R&D activities include developing and improving existing materials, products, solutions, and processes, and improving the ecological footprint. The company collaborates with leading universities, institutes, and research centers to remain at the cutting-edge of technology and innovation, aligning its strategy with Saudi Vision 2030. The R&D activities of the company are managed by the Corporate Technology and Innovation (T&I) unit. This unit is responsible for delivering differentiated and sustainable product and application solutions, as well as sustainable cost-advantaged process innovation. The T&I unit works on various research projects to meet the needs of customers and the value chain over the near, mid, and long-term horizons. The company also collaborates with leading universities, institutes, and research centers. In FY2024, the company spent SAR2,063.2 million on R&D, which as a percentage of revenue, stood at 1.5% and grew 9% YoY. As of December 2024, the company had 20 R&D Centers, over 11,000 granted patents and pending applications, with over 220 new priority applications filed. It also had pipeline products of over 150 new products annually. In FY2024, it introduced 135 products.
Business Segments
Overview
Includes a range of fertilizer products, including urea, phosphate, ammonia, and compound fertilizers. In FY2024, the segment's capital expenditure stood at SAR773.1 million, which declined by 14.1% YoY.
Performance
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Overview
Includes two primary product categories: Chemicals and Polymers. Chemical products are manufactured from a variety of hydrocarbon feedstocks, including Methane, Ethane, Propane, Butane, and light Naphtha. The product range includes Olefins, Methanol, Aromatics, Glycols, Carbon Dioxide, and Methyl Tert-Butyl Ether (MTBE). Polymers products include Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), specialty products, and other Polymers. PE products include linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), and high-density polyethylene (HDPE). PP products include include homo, random, and impact Polypropylene, and Polypropylene compounds, homo polymer, random copolymer, impact copolymer, and specialty automotive grades. Specialty products include resins, compounds, copolymers, thermosets, and additives. Other products include Polycarbonate (PC), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), and Acrylonitrile Butadiene Styrene (ABS). In FY2024, the segment's capital expenditure stood at SAR9,427.1 million, which grew by 5.1% YoY.
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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