Print This Page Email This Page Share on LinkedIn Add This Copyright Permissions Comment on This Story Custom Reprints Current Issue View Archives More GPCA GPCA 2009: Caution Before Crisis Helped Borealis Weather DownturnSecond GPCA Supply Chain Conference Speakers AnnouncedProject financing likely to have shorter maturity periods, GPCA Forum toldGPCA signs MoU with ACC to launch Gulf's Responsible Care InitiativeTrade barriers cannot alter Gulf's fundamental petrochemical strengths, says Al-Naimi Related Stories Sabic Reports Sharp Drop in Net ProfitSabic Third-Quarter Profits Fall by Half; Petchem Markets are off the Bottom (Updated)Albemarle and Sabic Form Organometallics Catalyst JV at Al JubailSabic Cracks the Top-10 ClubHigher Selling Prices and Productivity Boost Sabic’s Earnings

GPCA

Sabic Sets Ambitious Goals

Saudi Basic Industries (Sabic; Riyadh), by far the largest petrochemicals producer in the Mideast and one of the leading global players, approved recently a growth strategy, ‘Sabic 2020 Vision,’ which sets out the company’s ambitions to become an even larger player. Sabic’s sales are likely to double to $60 billion/year by 2020 and the company will strive to generate 20% of its sales from higher-margin specialty products, under the plan. The company will also sharpen its focus on innovation and cement closer relationships with its...

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