New
SABIC metals facility to increase annual production
Posted: 26 May 2004
SABIC Metals announced the construction of a new rolling mill,
which will produce 500,000 metric tons of reinforced steel bars
and wire.
The facility will be constructed by the Danieli Mordgardshammar
Company and Dywidag Saudi Arabia Co Ltd at the existing site occupied
by SABIC Metals in Jubail.
SABIC Vice Chairman and CEO, Mohamed Al-Mady, said, “This
prestigious project is part of SABIC’s Corporate strategic
plan to expand our plants and increase production capacity to meet
the rapidly increasing domestic and global demand for our products.”
The completion of construction is anticipated early in 2006.
SABIC Metals was founded in 1983 with an initial annual production
capacity of 800,000 metric tons. Since its formation, annual production
capacity has increased, reaching 3,900,000 metric tons of finished
products in 2003.
About SABIC
The Middle East’s largest petrochemicals company, SABIC, is
based in Riyadh, Saudi Arabia.
It was founded in 1976, when the Saudi Arabian Government decided
to use hydrocarbon gases released in the production of oil as raw
material for the production of chemicals, polymers and fertilizers.
The Saudi Arabian Government owns 70% of SABIC shares, with the
remaining 30% held by private investors in Saudi Arabia and other
countries of the Gulf Cooperation Council (GCC).
SABIC’s business activities have been restructured and a
new management model became effective on 1 September 2002. There
are now six Strategic Business Units (SBUs): Basic Chemicals; Intermediates;
Polyolefins; PVC & Polyester; Fertilizers and Metals.
Supporting all these functions is a corporate core consisting Human
Resources; Corporate Finance; Corporate Control and Research &
Technology. A Shared Services Organization became operational in
2003.
SABIC has two large industrial sites in Saudi Arabia – Al-Jubail
and Yanbu – with 16 world-scale production complexes. Some
of these production complexes are operated with multi-national partners
such as Exxon Mobil, Shell, Fortum, Ecofuel/ENI and Mitsubishi Chemicals.
In addition, SABIC has interests in three production complexes in
Bahrain. Over the last 16 years, SABIC’s overall production
capacity has increased considerably. In 2003 it amounted to 42.3
million metric tons.
SABIC EuroPetrochemicals owns two petrochemical production sites
in Geleen (Netherlands) and Gelsenkirchen (Germany) for the production,
marketing and sales of polypropylenes, polyethylenes and hydrocarbons.
It annually sells about 2.6 million tonnes of polymers, mainly in
Europe. About 2,300 people are employed at SABIC EuroPetrochemicals.
SABIC employs more than 16,000 people worldwide, most of whom are
based in Saudi Arabia.
In 2003, SABIC posted sales of approximately SR47.1bn (US$12.56bn)
and a net profit of approximately SR6.716bn (US$1.79bn).
For more information see www.sabic.com
Posted by Richard Price,
Editor Pipeline Magazine
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