Billion-Dollar Club

Emerging Asia and Mideast players continue to break through and reshape industry, as CW’s latest Billion-Dollar Club Ranking demonstrates (p. 21). New industry giants in high-growth economies have leapfrogged U.S., European, and Japanese companies. Sabic (Saudi Arabia) and Sinopec (China) are now entrenched top-five players (table). Neither company was in the top 25 ten years ago. Other companies that have cracked the top 25 in recent years include IPIC (United Arab Emirates), Reliance Industries (India), and Braskem (Brazil). BASF, with chemicals revenue...

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