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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