Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 14 March 2003
New Asia Pacific Manager
Saudi Basic Industries Corporation (SABIC) has appointed Yousef Al-Benyan as its General Manager for Asia Pacific, based at its regional headquarters in Singapore
SABIC APPOINTS NEW GENERAL MANAGER TO OVERSEE ASIA PACIFIC REGION Singapore Saudi Basic Industries Corporation (SABIC) has appointed Yousef Al-Benyan as its General Manager for Asia Pacific, based at its regional headquarters in Singapore
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
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Transferred to Singapore from Houston, Texas, Al-Benyan is responsible for all the SABIC operations including sales and marketing in Asia Pacific.
SABIC has seven offices in the region.
Al-Benyan has been with SABIC for 16 years.
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He spent eight years at SABIC headquarters in Riyadh before relocating to the United States for nine years.
He held the post of Operations Manager in his four years in the Stamford, CT office of SABIC.
Subsequently, he was promoted to Commercial Director, a post based in Houston where he was responsible for sales and marketing for all of North and South America.
Al-Benyan has a Bachelors degree in Economics and a Masters Degree in industrial management.
SABIC is the Middle East's largest petrochemicals company, 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.
SABIC business activities were restructured and a new management model became effective on 1 September 2002.
There are now six Strategic Business Units: Basic Chemicals; Intermediates; Polyolefins; PVC and Polyester; Fertilisers and Metals.
Supporting all these functions is a corporate core consisting Human Resources; Corporate Finance; Corporate Control; and Research and Technology.
SABIC has two large industrial sites in Saudi Arabia - Al-Jubail and Yanbu - with sixteen 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, the overall SABIC production capacity has increased considerably.
In 2002 it amounted to 40.6 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.
They annually sell about 2.6 million tonnes of polymers, mainly in Europe.
About 2,300 people are employed at SABIC EuroPetrochemicals.
SABIC employs over 16,000 people worldwide, most of whom are based in Saudi Arabia.
In 2002 SABIC posted sales of approximately SR34bn (USD9.06bn) and a net profit of approximately SR2.84bn (USD758.4m).
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