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Sabic Cracks the Top-10 Club

9:40 AM MDT | September 29, 2008 | Nancy Seewald

Sabic beat out Bayer for the number 10 slot in this year’s Billion-Dollar Club, with 2007 revenues of SR126.2 billion ($33.6 billion). Sabic moved up one notch in the ranking due mostly to its $11.6-billion acquisition of GE Plastics last year. That boosted Sabic’s revenues by about $6.6 billion and made it the leading global player in engineering plastics. Al-Mady: The aim ‘is to be a global leader.’ Sabic renamed the GE business Sabic Innovative Plastics and says it has already made “a number of key strategic moves” to...

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