MOSCOW (MRC) -– SABIC, Saudi Arabia's petrochemical major, has started producing its new polypropylene (PP) impact copolymer (ICP) grade PP77MK40T in China for the local market, according to the company's press-release.
PP77MK40T is the first product of its type to be made locally, paving the way for a more efficient supply chain, quicker time-to-market and enhanced competitiveness for SABIC's customers in China.
"Consumers are increasingly demanding a wider range of products that are economical, practical, durable and environmentally friendly. SABIC understands what consumers want and is designing products bearing these demands in mind, which in turn supports China’s ultimate drive towards sustainability and reliability," said Gary Lam, Director, Polypropylene, Polymers, Asia Pacific, SABIC.
PP77MK40T is suitable for production of garden furniture, household items, battery casings, containers, toys, crates and boxes, and enriches the polymers portfolio in SABIC.
As MRC wrote previously, SABIC has recently opened a new engineering thermoplastics compounding facility and a polypropylene compounding plant at its manufacturing facility in Jubail, Saudi Arabia.
Besides, the company has been preparing facilities at its plant in Gelsenkirchen, Germany, for the launch of commercial production of bimodal high density polyethylene (HDPE). The start of the production of the new grades for blow moulded bottles for household, industrial chemicals and personal care is scheduled for the second quarter of the current year, with grades suitable for containers up to 5L. The same grades, as well as grades intended for jerry cans, drums and other large containers, will also be produced at one of the company"s plants in Saudi Arabia; production there will start in the third quarter of 2013.
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers. SABIC recorded a net profit of SR 24.72 billion (USUSD 6.59 billion) in 2012, down 15,5% year-on-year. Sales revenues for 2012 totaled SR 189 billion (USUSD 50.40 billion). Total assets stood at SR 338 billion (USUSD 90.13 billion) at the end of 2012. SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.