Sabic Chairman opens two new offices in China

His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of Sabic (Saudi Basic Industries Corporation), has officially opened two new offices for Sabic in China; in Beijing and Shenzhen

In combination with the Sabic existing offices in Shanghai and Hong Kong, Sabic has strengthened its position in the world's most important and fastest growing polymers market and can now provide even stronger support locally to its customers in China.

Sabic Chairman, His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, said: "China is currently the most strategically important export market globally for Sabic and is also the fastest growing polymers market in the world.

The opening of these two new offices reflects our commitment to the long-term growth and future prospects that we see in China.

Over the next three years most of the new Sabic petrochemical capacity will be allocated to the rapidly expanding Asian markets, of which China is the most important".

His Highness Prince Saud noted that: "Asia is a region where Sabic not only wants to supply products, but is also a region that Sabic regards as a strategically important location for future manufacturing of its products.

Within the Asia region China is clearly the best location in Asia for this manufacturing to take place.

The opening of the new offices in China is a sign of the confidence that Sabic places in the economic opportunities in China and strongly supports the Sabic growth strategy of being among the world's top three petrochemical companies by 2020".

Sabic is in the middle of a strong expansion throughout Asia.

In addition to the new offices in China, warehousing and storage facilities in Shanghai and Hong Kong have been joined by new facilities in Huangpu and Tianjin.

A new bonded liquid chemicals tank at Zhangjiagang is scheduled to open soon, and more warehousing and storage facilities are also planned at Qingdao, Ningbo and Yantian.

Sabic now has 11 offices in eight countries in Asia Pacific; in Beijing, Shanghai, Shenzhen, Hong Kong, Taipei, Tokyo, Seoul, Manila, Jakarta, Ho Chi Minh City and Singapore, where the Sabic regional headquarters is based.

Before arriving in Beijing, His Highness traveled to Guangzhou to visit the Sabic stand at ChinaPlas 2007, the 21st International Exhibition on Plastics and Rubber Industries, and to attend a customer reception for 300 people, where he thanked all Sabic customers for their continued support.

Back to top