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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Insights
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Insights
    SABIC develops new resins for vehicle exterior
    SABIC has unveiled LNP ELCRES SLX1271SR resin, a part of its LNP SLX copolymer portfolio, it said in a press release dated March 12. This specialty material features enhanced scratch and mar resistance and a high-gloss surface finish to provide OEMs with a new molded-in color solution for exterior components. The LNP ELCRES SLX1271SR resin offers continuous UV stability and good mechanical performance. Paint-free LNP ELCRES SLX1271SR resin offers a new solution for reducing VOC (volatile orga...
    News
    SABIC posts 17% y/y decline in Q3 revenue to $9.59 billion
    SABIC has reported a 17% year-over-year decrease in third quarter 2023 revenue at 35.98 billion Saudi Arabian riyal ($9.59 billion), according to a filing by the company on November 2. Income from operations for the third quarter nearly halved to 1.68 billion Saudi Arabian riyal, while net loss totaled 2.88 billion Saudi Arabian riyal. “From its central position in the value chains of countless products, the chemical industry is bearing the weight of a weak global economy. However, once con...
    News
    Sabic unveils eco-friendly resins with up to 75% post-consumer recycled content for various applications
    Sabic has launched a new portfolio of 10 polymer resins that can reduce a part's carbon footprint while delivering similar performance properties, Plastics Today reported October 24. The new resins contain up to 75% certified post-consumer recycled (PCR) content and offer enhanced properties, such as low-temperature ductility, chemical resistance and weatherability. Sabic's upgraded LNP brand’s copolymer resins is an upgrade to its existing portfolio of materials, with higher percentages of...
    News
    Sabic develops bio-based versions of Noryl resin grades
    Sabic has announced that it is offering bio-based versions of all Noryl, Flexible Noryl, Noryl GTX and Noryl PPX resin grades, in a press release dated August 15. The bio-based versions are formulated with polyphenylene ether (PPE) resin feedstocks to provide properties such as those of fossil-based grades. The Noryl GTX902BIO3 resin is a bio-based PPE alloy that provides high-chemical resistance for potential use in applications such as automotive wheel covers, automotive electrical componen...
    News
    Sabic’s resin for EV battery systems receives UL verification
    Sabic announced that its Stamax 30YH570 resin has earned the UL Verified Mark from Underwriters Laboratories, according to a company press release dated August 22. The 30% glass fiber-reinforced copolymer resin has become the first polymer used in electric vehicle battery systems to receive UL Verification for marketing claims of thermal and mechanical performance. “UL Verification for the thermal runaway protection of [Stamax] 30YH570 resin is a significant milestone in our ...
    News
    SABIC launches new GFRP compounds for application in structural components
    Saudi chemical company SABIC announced via a press release on 31 August the launch of its glass fiber–reinforced polypropylene (GFRP) G3430X and its G3440X compounds designed for under-hood, exterior, and interior automotive applications. According to the press release, the two short fiber–based GFRP compounds surpass conventional high-performing glass fiber materials in melt flow, tensile and flexural strength, and flexural modulus, allowing application in structural components such as b...
    News
    SK Geocentric, SABIC to build functional copolymer material plant in South Korea
    SK Geocentric Co., a chemical division of the SK Group along with its Saudi Arabia-based partner SABIC have announced plans to expand functional copolymer facility in Ulsan, South Korea, according to a press release published by SABIC on 23 August. Sami Al-Osaimi, VP of PE & Sales, SABIC, and Board Chairman for SSNC said, “We have identified a strong trend towards customized and high-performance polyolefins, especially metallocene polyethylene materials, in several important new technol...
    News
    SABIC’s Q2 2022 revenue grows 32% y/y to USD14.90 billion
    Saudi Basic Industries Corporation (SABIC) has reported second quarter 2022 revenue at SAR55.98 billion (USD14.90 billion) with a year-on-year (y/y) increase of 32% from the first quarter of 2021, according to a filing by the company on 9 August. Net income was reported at SAR7.93 billion for second quarter 2022 compared to SAR7.64 billion in the second quarter of 2021. Yousef Abdullah Al-Benyan, SABIC’s Vice Chairman and Chief Executive Officer, said, “The second quarter strong fina...
    News
    SABIC launches foam injection molding polypropylene compounds for automotive interior parts
    Materials specialist SABIC has announced that the company introduced new polypropylene (PP) compounds for foam injection molding (FIM) that provide light weight and aesthetic characteristics for use in automotive interior applications, it said in a press release on 7 July. Abdullah Al-Otaibi, general manager, ETP & market solutions, SABIC, said, “The automotive industry continues to look for new weight-out strategies that can advance energy efficiency and sustainability goals.” Acc...
    News
    SABIC launches Noryl resin for insulation in EV batteries
    SABIC has introduced Noryl NHP8000VT3, insulation film for use in electric vehicle (EV) batteries, it said in a press release on 20 June. The material is well suited to protect against short circuits and prevents the spread of fire. Jenny Wang, director, Formulation and Application, APAC, Specialties, SABIC, said, “The NORYL NHP family is our next-generation PPO portfolio with enhanced FR performance. It includes NORYL NHP6011 and NHP6012 resins for battery modules and housings. Our new NOR...
    News
    SABIC launches ocean plastic-based PBT for electricals/electronics applications
    Saudi chemical company SABIC introduced via press release on 16 May its new LNP™ ELCRIN™ WF0061BiQ polybutylene terephthalate (PBT) resin repolymerized from recycled ocean-bound polyethylene terephthalate (PET) bottles. According to the press release, the new glass fiber-reinforced resin will be a drop-in replacement for virgin PBT resins in applications including fan housings in computers and automotive seating, as well as electrical connectors and enclosures. The resin reportedly can...
    News
    SABIC reports Q1 2022 revenue at USD14.01 billion, up 3% y/y
    Saudi Basic Industries Corporation (SABIC) has reported first quarter revenue at SAR52.64 billion (USD14.01 billion) with a year-on-year (y/y) increase of 3% from the first quarter of 2021 for the three months ended, according to a filing by the company on 12 May. Net income was reported at SAR6.47 billion for the first quarter of 2022 compared to SAR4.86 billion in first quarter of 2021. Yousef Al-Benyan, SABIC Vice Chairman and CEO, said, SABIC’s first quarter financial performa...
    News
    SABIC releases financial results for fourth quarter of 2021
    Saudi chemical company SABIC announced via press release on 3 February its financial results for the fourth quarter of 2021. According to the press release, the highlights for the fourth quarter were: Revenue of USD13.67 billion, an increase of 17% compared to the third quarter of 2021, and a 56% increase year-on-year EBITDA amounted to USD3.48 billion, representing an increase of 17%, quarter-over-quarter, and 95% year-on-year, primarily due to higher sales volumes and aver...
    News
    SABIC acquires 50% stake in specialty chemicals company Clariant
    SABIC purchases Clariant’s 50% stake for USD130 million in specialties company Scientific Design, which is currently a 50/50 joint venture (JV) with SABIC, the company announced in a press release on 2 February. SABIC Vice Chairman and CEO, Yousef Al-Benyan said, “Catalysts are the foundation of our business. The acquisition of Scientific Design will strengthen our non-cyclical technology-oriented specialty business and move us closer to our long-term goal of becoming a global Specia...
    News
    SABIC selects Bamberger Polymers as new distributor to further expand its footprint in the Americas
    SABIC announced that the company has selected Bamberger Polymers as an authorized SABIC distributor in the Americas in a press release on 8 December. The distribution will handle and supply customers with its engineering thermoplastics (ETP) and polyolefins. Olga Sessions, director Americas Polymer Sales at SABIC, said, “We are delighted to have Bamberger on board for our ETP and polyolefins product portfolio. This collaboration is a win for our customers as Bamberger offers a broad, establ...
    News
    SABIC unveils new NORYL resins with flame retardancy and impact resistance for EV battery modules
    SABIC has launched two new grades of NORYL resin that cater to the demand for lighter, thinner, and more crash-resistant battery modules and component housings, the company announced in a press release on 1 December. The materials possess thin molding characters, thereby reducing the overall weight of the battery. “SABIC continues to advance the performance properties of our NORYL materials for e-mobility to keep pace with rapidly changing industry requirements, such as more robust fla...
    News
    SABIC unveils its LNP Lubriloy N2000 compound to cut noise in car interiors
    SABIC launched its LNP Lubriloy N2000 compound material that can help prevent interior noises such as buzz-squeak-rattle (BSR) sounds within the vehicle, the company said in a press release on 17 November. The new noise damping material was showcased at the Automotive Tech Week 2021. “A quiet, smooth ride is a hallmark of automotive quality and luxury, but cabin sounds can be more noticeable in electric and hybrid vehicles due to the absence of source noise from their powertrains,” said E...
    News
    SABIC releases Q3 2021 financial results
    Saudi chemical company Sabic announced via press release on 28th October its financial results for the third quarter of 2021. According to the press release, the highlights of the results were: The company’s revenue for the third quarter reached USD11.65 billion, representing an increase of 3% compared to the previous quarter Income from operations for the quarter totaled USD2.05 billion, a 23% decrease quarter-over-quarter Net income during the third quarter amounted to USD1.49 b...
    News
    SABIC opens new PP compounding line in Belgium
    Saudi chemical manufacturing company Sabic announced via press release on 7 October that it had started up its new polypropylene (PP) compounding line in Genk, Belgium with a virtual inauguration event. According to the press release, the new line is an addition to the company’s existing production capacity at the Genk site and will use raw materials from SABIC’s PP plants at Gelsenkirchen, Germany, and Geleen, The Netherlands to develop PP compounds for next-generation lightweight a...
    News
    SABIC launches new resin for automotive under-the-hood applications
    Saudi chemical company Sabic announced via press release on 13 September that it had introduced a new polymer resin, NORYL GTX™ 9500, that offers excellent dimensional stability under hot and humid conditions. According to the press release, the new resin joins Sabic’s portfolio of unfilled NORYL GTX™ resin grades and is particularly suited for highly demanding automotive applications. According to the company, the NORYL GTX 9500 retains a better balance of mechanical properties co...
    News
    SABIC to feature innovative ELCRES™ HTV150 dielectric film at PCIM Asia 2021
    Saudi chemical manufacturing company Sabic announced via press release on 6 September that it will be featuring its new ELCRES™ HTV150 dielectric film at the PCIM Asia 2021 exhibition taking place in Shenzhen, China, between 9 and 11 September. According to the press release, the new film was developed in response to the demands for a high-voltage, high-temperature, professional-grade capacitor suitable for application in traction inverters for hybrid, plug-in hybrid, and battery electric v...
    News
    Cicor selects SABIC’s LNP™ THERMOCOMP™ compounds to produce high-end 3D-MIDs
    Swiss circuit boards and hybrid circuits manufacturer Cicor announced on the 2 September that it had selected Saudi chemical manufacturing company’s LNP™ THERMOCOMP™ compounds to produce its portfolio of high-end 3D molded interconnect devices (3D-MIDs). According to the press release from Sabic, its LNP™ THERMOCOMP™ compounds with laser direct structuring (LDS) capability deliver excellent flow for thin walls used in miniaturized designs, a feature necessary to achieve the uniform ...
    News
    SABIC introduces new resins containing recycled content for automotive applications
    Saudi multinational chemical manufacturing company SABIC introduced on 2 September its first three automotive-grade resins containing mechanically recycled content. The three new resins, namely the SABIC® T2E-3320EH polypropylene (PP) compound, the XENOY™ T2NX2500UV resin, and the XENOY T2NX5230 resin, will be part of the company’s TRUCIRCLE™ portfolio of circular solutions and services. According to the company’s press release, the new resins contain up to 29% re...
    News
    SABIC launches new compounds for ADAS radar covers
    SABIC introduced two new radar absorbing LNP STAT-KON compounds for automotive radar sensors, according to an official press release dated 3 August, significantly expanding its portfolio of these specialty materials. “Radar sensors are a critical component of the ADAS suite, in part because they can operate in conditions such as poor visibility that impair lidar and camera functioning,” said Jeff Xu, product manager, LNP, SABIC. “To support technology advancement in the radar ...
    News
    Sabic develops plastic-intensive EV battery pack concept
    Sabic has developed a plastic-intensive electric vehicle (EV) battery pack concept using a systems-engineering approach, according to a report by Plastics Today. The concept utilizes lightweight plastics to address critical industry needs for enhanced performance, flexible design, greater safety, and improved economics. Significance: Traditionally, battery packs use materials such as aluminum and other metals. However, the lightweight thermoplastics potentially can realize 30–50% weight sav...
    News
    SABIC develops new resin family for automotive LED
    SABIC has developed a new portfolio of high-flow LEXAN™ polycarbonate (PC) resins for automotive lighting bezels, the company announced in a press release on 1 February. The new PC enables manufacturers to create complex geometries and integrate more features, which SABIC said were not possible before with ease of manufacturing. Among SABIC’s PC resins for automotive lighting, the LEXAN HF4010SR resin features the highest flow, as measured by melt volume rate (MVR) testing. The super...
    News
    SABIC launches new radar-absorbing compounds for radar sensors
    SABIC has launched two new radar absorbing LNP™ STAT-KON™ compounds for automotive radar sensors, the company said in a press release on 2 December. The new grades, based on polybutylene terephthalate (PBT) resin, may be used for integration with radomes manufactured using PBT material, which can provide superior resistance to automotive chemicals. The high radio frequency (RF) absorption of these compounds can help increase detection range and improve signal resolution. “Radar sensors ...
    News
    Husco collaborates with SABIC on polyetherimide for automotive applications
    High-performance automotive components supplier Husco is collaborating with SABIC on ULTEM™ resin polyetherimide (PEI) for next-generation vehicles, SABIC announced in a press release on 10 June. Husco has been using SABIC’s ULTEM™ resin, which is a family of amorphous thermoplastic PEI resins offering improved elevated temperature resistance, high strength and stiffness, and broad chemical resistance. They provide a good balance between mechanical properties and processability. Typic...
    News
    SABIC FY2019 sales declines 17% y/y to USD37.2 billion
    SABIC has reported 17% year-over-year (y/y) decline in sales to SAR139.7 billion (USD37.2 billion), the company said in a press release on 29 January. The company attributed decline full-year sales to reduction lower average prices by 20% which was partially offset by an increase in sales volume by 3%. Operating income fell by 59% y/y to SAR14.8 billion. SABIC recorded decline in operating income due to decrease in average sales price, partially offset by lower costs of goods sold, lower gene...
    News
    SABIC displays specialty materials at Automotive Interiors Expo 2019
    SABIC is showcasing its portfolio of specialty materials for the development of automotive interior applications at the Automotive Interiors Expo 2019 in Novi, Michigan, United States, the company said in a press release on 22 October. The products on display include the family of LNP specialty compounds, NORYL polyphenylene ether (PPE)-based resins and ULTEM polyetherimide (PEI) resins. In addition, SABIC has introduced two new, paintable, low-gloss LNP LUBRICOMP compounds that help reduce...
    News
    SABIC introduces high-heat resin for vehicle lightweighting, EVs at K 2019 trade fair
    SABIC launched a new high-heat resin XENOY HTX for vehicle lightweighting and electric vehicles (EVs) at the K 2019 trade fair in Germany, the company announced in a press release on 17 October. The polyester-based XENOY HTX enables the production of light, impact-resistant, and high-performing structural automotive applications. It provides a material solution for body-in-white components, battery protection systems, and other structural automotive components. SABIC is displaying the structural...
    News
    SABIC presents new polypropylene compounds for automotive applications at Feiplastic 2019
    SABIC is showcasing its new polypropylene (PP) compounds for automotive applications at the 2019 Feiplastic International plastics industry trade fair in Brazil this week, according to a company press release on 22 April. The company’s new portfolio of PP compounds delivers a soft feel and good scratch performance in unpainted, low-gloss automotive interior components. According to the company, new PP compounds offer luxurious haptics and finishes. SABIC is also displaying a wide range of appl...
    News
    JEC World 2019: SABIC launches new thermoplastic composite tape for vehicle panels
    SABIC has introduced UDMAX tape, a new unidirectional, fiber-reinforced thermoplastic composite for producing lightweight, cost-effective and recyclable vehicle panels, at JEC World 2019 in France, according to a company press release on 14 March. SABIC said the new material is designed to replace traditional panels made of metal and thermoset materials for interior and exterior automotive applications. The UDMAX is expected to be commercialized soon in the bulkhead of a light commercial vehicle...
    News
    SABIC’s FY2018 net income rises 25.1% y/y to USD8.5 billion
    SABIC has reported 25.1% year-over-year (y/y) increased in net income to SAR31.9 billion (USD8.5 billion) in the financial year ended 31 December 2018, the company said in a press release. Revenue increased 12.9% y/y to SAR169.1 billion. SABIC recorded operating income of SAR36.2 billion, up 25% y/y. SABIC reported net cash from operating activities of SAR44.7 billion compared with SAR38.7 billion in 2018. The company had cash and cash equivalents of SAR41.4 billion compared with SAR 57.9 bil...
    News
    SABIC partners with Nottingham Spirk to develop specialty materials for multiple industries
    SABIC is collaborating with US-based innovation and product design firm Nottingham Spirk to accelerate innovations with specialty materials across multiple industrial verticals, according to a company press release on 15 August. “SABIC’S thermoplastics portfolio is renowned in many key industries such as automotive, aircraft and rail interiors, and electrical and electronics,” said Ernesto Occhiello, executive vice-president of SABIC’S Specialties business unit. “However, there is t...
    News
    SABIC developing new thermoplastic solutions for electric, connected and autonomous vehicles
    SABIC is developing new thermoplastic solutions for electric, connected and autonomous vehicles, the company announced in a press release on 7 May. SABIC said it is developing material thermoplastic-based solution for the protection of batteries in side-crash scenarios. The company is developing high heat, high energy density dielectric ULTEM UTF120 polyetherimide (PEI) film, ranging in thickness from 5 to 10 microns, to produce lightweight auxiliary capacitors that can help offset the heavy wei...
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    NPE 2018: SABIC introduces new PP compounds for soft feel in automotive interior components
    SABIC has introduced new polypropylene (PP) compounds for automotive applications at NPE 2018 plastics show, which is being held from 7–11 May in the United States. According to the company’s press release yesterday (7 May), the new PP compounds lend a soft feel and excellent scratch performance in unpainted, low-gloss automotive interior components. The new material can be used in automotive applications such as interior trims, seat and console side cladding, glove boxes, door panels, and o...
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    NPE 2018: SABIC introduces new automotive glazing solution
    Saudi Arabia-based chemicals company SABIC has introduced a new automotive glazing solution, “LEXAN MARGARD FHC10 sheet”, at the NPE 2018 plastics show, which is being held from 7–11 May in the United States, according to a company press release yesterday (7 May). SABIC said its new technology complies with the stringent visibility, strength, and abrasion resistance requirements of ECE R43 (Regulation No. 43 of the Economic Commission for Europe of the United Nations). The new LEXAN MARGAR...
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    SABIC opens new plant in Saudi Arabia to produce thermoplastic material polyacetal
    On 4 April, SABIC inaugurated a new plant in Jubail, Saudi Arabia, to produce polyacetal, a semi-crystalline thermoplastic material. According to a press release, the plant at its joint venture manufacturing affiliate – The National Methanol Company (Ibn Sina) – in Jubail is the company’s first polyacetal plant in the Middle East and Africa region. The new plant has a capacity of 50,000 metric tons. Abdulrahman Al-Fageeh, executive vice president of petrochemicals at SABIC, said, “The...
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    SABIC, Mitsubishi Chemical JV starts production of high-value chemicals in Saudi Arabia
    Samac, a joint venture between SABIC and Mitsubishi Chemical Corporation (MCC), has started production of high-value chemicals, Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA), at a plant in Jubail, Saudi Arabia, according to a company press release on 4 April. Abdulrahman Al-Fageeh, SABIC executive vice-president, Petrochemicals said, “Our strategic joint venture with MCC broadens our specialty portfolio by drawing on the technological expertise of MCC, owner of the w...
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    SABIC’s 2017 net income up 9% y/y to USD6.8 billion
    SABIC’s net income increased 9% year-over-year (y/y) to SAR25,484 million (USD6.79 billion) in the financial year ended 31 December 2017, the company said in a press release. Sales increased 4.7% y/y to SAR149.8 billion. The company reported operating income of SAR 29 billion, up 12.1% y/y. SABIC reported net cash from operating activities of SAR38.7 billion, down 3.3% y/y. At the end of the financial year, the company had cash and cash equivalents of SAR58 billion compared to SAR40.3 billi...
    News
    Sabic launches 'PP-UMS' resin; can be used to develop lightweight automotive parts
    Saudi Arabia-based Sabic has launched PP-UMS (ultra melt strength) resin, a completely new generation of melt strength polypropylenes, according to a company press release on 29 November. The new resin can be used in diverse industries including automotive to achieve lightweighting. The material has been evaluated and optimized for foaming at Sabic’s Foam Innovation Center (FIC) in The Netherlands; the center is equipped with most foam technology capabilities as well as analytical equipment, s...
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    Sabic launches polycarbonate resins for LED automotive lighting
    Saudi Arabia-based Sabic has introduced new polycarbonate (PC) resins for LED automotive lighting parts, the company announced in a press release on 26 September. The new LEXAN HF4010SR resin is a PC material that help customers develop complex headlight bezels. The company has also added new grades to its existing LEXAN XHT (extra high temperature) resin line, offering improved flow at high temperatures over other high-heat PC materials available in the market. Sabic showcased its new offerings...
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    SABIC develops new dielectric film for automotive applications
    Saudi Arabia-based SABIC has developed new polyetherimide (PEI) film – ULTEM film UTF120, for automotive applications, says a company press release. The new film is a high heat, high energy density dielectric film designed for use in dielectric film capacitors that are being used in automotive components such as DC/DC converters, electrical compressors and high-intensity discharge (HID) lighting, in electronics such as LED lighting and LCD backlight, and film capacitors for mass transport...
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    Sabic showcases lightweight PP and plastic-metal hybrid solutions at VDI Congress
    Saudi Arabia-based Sabic showcased its lightweight PP and plastic-metal hybrid solutions at the VDI Plastics in Automotive Engineering Congress in Mannheim, Germany, the company announced in a press release on 29 March. The company’s display ranged from vehicle’s exterior and glazing to components such as instrument panel carriers and structural reinforcements for the body-in-white (BIW). One of the main displays from the company was plastic-metal hybrid (PMH) structural reinforcements fo...
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    SABIC reports 4.9% y/y decline in FY2016 net income to USD4.7 billion
    SABIC has reported 4.9% year-over-year (y/y) decline in net income to SAR17.8 billion (USD4.7 billion) in the financial year ended 31 December 2016, the company said in a press release. Sales declined 10.3% y/y to SAR132.8 billion. Lower sales also affected SABIC’s operating income which decreased 4.9% y/y to SAR28 billion. SABIC reported net cash flow from operating activities of SAR39.7 billion, down 26.2% y/y. At the end of the financial year, the company had cash and cash equivalents of...
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    SABIC supplies polycarbonate materials with a plasma-coat solution to Toyota 86 GRMN sports car
    SABIC has supplied poly carbonate (PC) material with plasma coat solution in rear quarter window of Toyota’s 86 GRMN sports car, Saudi Arabia-based chemical company said in a press release last week (6 July). The sports car’s rear quarter window is injection molded with LEXAN™ resin, a lightweight PC material from SABIC. This, according to SABIC, reduced window’s weight by about half compared to a conventional window and results in high level of durability performance. “We are pro...
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    Aleris appoints Jack Govers executive vice-president, president of Europe and global markets
    Aleris Corporation has appointed Jack Govers as executive vice-president, president of Europe and global markets, according to a press release on 21 June. Govers will lead the company’s European business and also oversee its global automotive and aerospace strategy.  Govers, who joined Aleris in 20 June, will report directly to Sean Stack, president and CEO of Aleris. Govers brings with him a vast experience spanning two decades in various senior management capacities with the most re...
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    SABIC FY2015 net income down 19.6% y/y to USD4.99 billion
    SABIC has reported 19.6% year-over-year (y/y) decline in net income to SAR18.8 billion (USD4.9 billion) in the financial year ended 31 December 2015, the company said in a press release. Sales declined 21.6% y/y to SAR148.1 billion. SABIC also reported sharp decline in operating income of 24.4% y/y to SAR29.5 billion. The company recorded marginal decline in net cash from operating activities to SAR53.8 billion compared with SAR53.9 billion a year earlier. At the end of financial year, SABIC ...
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    SABIC introduces thermoplastic roof fairing concept for heavy-duty trucks
    SABIC has introduced a thermoplastic roof fairing concept that can potentially reduce annual fuel consumption of heavy-duty trucks used in fleets, the company said in a press release yesterday (26 March). Commenting on the market prospects of the new product, SABIC said, "The development of a new aerodynamic solution like SABIC’s thermoplastic roof fairing concept is timely for heavy truck manufacturers and operators in the United States. New and demanding fuel efficiency and greenhouse gas em...
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    EDITORIAL – Apple’s automotive ambitions could be the start of a fundamental change in automotive supply
    “We take steel, raw steel, and turn it into a car. They have no idea what they’re getting into if they get into that.” That was how former GM CEO Dan Akerson described the rumours that consumer electronics company Apple was developing an electric vehicle this week. The team is reportedly working on robotics, and metal and materials consistent with vehicle manufacturing. Apple often explores potential products and technologies, going as far as building prototypes that will never reach t...
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    SABIC showcases new solutions at 2015 Plastindia show in India
    SABIC has showcased new solutions at the 2015 Plastindia, held in Gandhinagar, Gujarat, India, from 5-10 February this year, says a company press release. The company showcased a lightweight aero corner panel on the 2014 Condo Pro 6031 truck of Volvo Eicher Commercial Vehicles. SABIC’s NORYL GTX™ 989 resin helped reduce the weight of the truck’s aero corner panel by about 37% versus sheet metal. Besides, the material delivered a number of additional benefits, such as parts integration, inc...
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    Kringlan, TenCate to develop auto parts using thermoplastic technologies
     Kringlan Composites AG and TenCate Advanced Composites reported on Sept. 17 that they have signed a memorandum of understanding (MoU) in order to develop solutions for part manufacturing automotive partson using thermoplastic composite technology. Kringlan Composites has  designed and plan to produce a full carbon fiber-reinforced composite wheel for high-performance cars. TenCate has been involved in the development of the thermoplastic composite material, which has been qualifi...
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    SABIC supplies NORYL resin for Nissan LEAF battery pack
    SABIC’s Innovative Plastics is supplying its NORYL resin for 2013 Nissan LEAF’s terminal cover and spacer of the battery system, according to a press release by the company. Toshiro Hirai, Deputy General Manager of EV Energy Development Department, Nissan, said, “The new terminal cover and spacer on the 2013 LEAF EV clearly illustrate SABIC’s commitment to help our automotive customers achieve gains with the lightweight and high performance advantages of thermoplastic resins for hybrids ...
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    Renault to use SABIC’s new NORYL GTX resin
    SABIC Innovative Plastics is supplying a new post-industrial recycled (PIR) grade of NORYL GTX resin to Renault for use in the front fenders of the latter’s model year 2013 Clio IV, according to a press release by the supplier. SABIC said that the PIR grade (compared to steel) further enhances the sustainability benefits of NORYL GTX resin for automotive fenders, reducing weight by up to 47% and lowering greenhouse gas emissions over the lifecycle of the fenders. Renault is looking to expand t...
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    SABIC to supply NORYL GTX 989 resin for Mitsubishi 2013 Outlander Sport crossover
    SABIC Innovative Plastics is supplying NORYL GTX 989 resin to Mitsubishi Motors for use in front fenders of the 2013 Outlander Sport crossover. The fender, manufactured using two-cavity injection moulding, is integrated with a pedestrian head impact absorption bracket to enhance safety. The NORYL GTX 989 resin is a combination of polyamide (PA) and modified polyphenylene ether (PPE) which provides better thermal insulation. Significance: Mitsubishi Motors is the first OEM customer for SABIC...
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    SABIC develops injection moulded plastic fenders for Mahindra & Mahindra XUV500
    SABIC Innovative Plastics, along with Plastic Omnium, has developed injection moulded plastic fenders for Mahindra & Mahindra (M&M) XUV500, says a company press release. The company has used Noryl GTX resin to produce the fenders. The resin is developed through a combination of polyamide (PA) and modified polyphenylene ether (MPPE) polymer technologies. Apart from supplying the resin, SABIC assisted in application development. Significance: By incorporating lightweight components in th...
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    SABIC Innovative Plastics increases PP capacity in Belgium
    SABIC Innovative Plastics is increasing capacity for its Stamax long glass fiber-filled polypropylene (LGFPP) composite resins at its manufacturing facility in Genk, Belgium, according to a company press release. The company is increasing capacity due to increased demand from automotive customers.The company started construction of the new production line last month; the line is expected to start operations in the second half of 2013. Significance: SABIC Innovative Plastics’ Stamax LGFPP c...
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    Latest mergers and acquisitions
    Acquirer Acquired Business Sector Comment Defta Trelleborg Automotive Automotive 04 October 2011- French supplier Defta entered into an agreement with Trelleborg Automotive to acquire its gas spring business. The business unit, to be divested, is based in France and has 110 employees. The gas spring unit has annual sales of SEK110m (USD15.9m). The purchase price for divestment is reported to be around SEK60m (USD8.7m). Trelleborg Automotive decided to divest its gas spring business as p...
    Insights
    SABIC opens specialty polypropylene compounding operations in Mississippi
    SABIC has inaugurated its specialty polypropylene (PP) compounding operations at Bay St. Louis, Mississippi (US) facility, reports Azom.com. The company will supply SABIC PP compounds and SABIC STAMAX long glass fiber-filled PP (LGFPP) composites for automotive applications from the facility. The company had announced plans to add PP compound operations in October last year. According to SABIC, PP materials has recorded a steady growth of 3% to 5% year-on-year (y/y) over several decades, repo...
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    Polycarbonate glazing
    The two key suppliers of polycarbonate resins for automotive glazing—Sabic Innovative Plastics and Bayer MaterialScience—are more enthusiastic about the future than ever, but they still don’t have a high volume product in the market, and there are few recent high profile experiments by OEMs. Engineers are reluctant to take a chance on substituting for glass, for which the optical and technical properties are well known. However, petrochemical companies have added a new selling point, insu...
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    SABIC acquires stake in German technology firm Inpro
    Sabic Innovative Plastics, a part of the Saudi Basic Industries corp. (SABIC), is acquiring a stake in German automotive technology firm, Innovationsgesellschaft für fortgeschrittene Produktionssysteme in der Fahrzeugindustrie mbH (Inpro), reports European Plastics News. The agreement is expected to be finalised “sometime in October”, as Greg Adams, Sabic’s Vice-President, Automotive disclosed. A joint communication by the two companies also said that the deal will close by the end of 20...
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    SABIC, IAV collaborate to develop thermoplastic solutions for EVs
    SABIC Innovative Plastics have collaborated with IAV GmbH to develop thermoplastic solutions that can replace metal in electric vehicle (EV) and hybrid powertrain components, says a company release. Through the collaboration, both the companies will focus on ways to optimise vehicle performance and efficiency along with light weighting to offset heavy battery packs and shielding in areas of high voltage. Speaking on the occassion, Gregory A. Adams, Vice President, Automotive, SABIC Innovative Pl...
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    SABIC supplies new plastic applications for Chery’s A3CC sports car
    SABIC Innovative Plastics has featured three plastic materials for Chery’s A3CC sports car at K 2010 conference in Düsseldorf (Germany). The materials reduce weight of vehicle components significantly. The plastic materials include Noryl GTX resin front fenders, fuel-filler door, and energy absorbers and undertray. The Noryl GTX resin has been replaced with steel body panels to reduce fender weight by more than 50%. The resin offers good low-speed impact durability compared to steel. It can ...
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    SABIC to supply Lexan XHT resins for Hella headlamp bezels
    SABIC Innovative Plastics will supply its Lexan XHT resins for metal headlamp bezel and an ice blue-tinted bezel manufactured by Hella. The headlamps will be supplied to two European carmakers. The resins, developed from copolymerisation of high-heat polycarbonates provide enhanced thermal and colour stability and are easy to process. The resins can be tinted according to customers’ needs. SABIC Innovative Plastics is a thermoplastics manufacturer based in Massachusetts (US). The company...
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    SABIC moves its European PP business to automotive operations
    Saudi Basic Industries Corp (SABIC) has merged its polypropylene (PP) operations into SABIC Innovative Plastics - its automotive plastics business. The merger is expected to streamline the company’s automotive operations. The SABIC Europe business includes Stamax - a long glass fibre reinforced polypropylene, supplied primarily to automotive tier-one suppliers and moulded plastic parts suppliers. With the merger, the company will consolidate its automotive product portfolio. The company expe...
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    SABIC reports loss of SAR974m in Q1 2009
    Saudi Basic Industries Corporation (SABIC) posted a net loss of SAR974m (US$259.8m, 21 April 2009) in the first quarter of 2009 hinting that the company has been hit by global recession leading to weakened demand of plastics and fertilisers. The loss was registered after SABIC booked SAR1.18bn (US$315.08m) in goodwill write-downs opposed to a net profit of SAR1.02bn (US$272.36m) estimated by Bloomberg analysts.  SABIC is facing the impact of downturn in lowered demand levels across all seg...
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    SABIC Innovative Plastics Acquires RheTech to manufacture polypropylene resins in North America
    SABIC Innovative Plastics has acquired the RheMax product line of RheTech, Inc. to manufacture STAMAX LGFPP (long glass fiber-filled polypropylene) resins, a plastic product launched by the company in North America in 2008. The acquisition is part of the growth strategy to strengthen SABIC’s presence in the North American market and position it as a leading supplier to meet local demands. Under the agreement, the entire RheMax products will be integrated with SABIC’s STAMAX resin produ...
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    Renault equips its Mégane R26.R with Plastrance’s SABIC Innovative Plastics’ lexan sheet
    Renault has added a  new feature to the limited edition version of its turbocharged Mégane R26.R. The new sport R26.R will have a lighter glass backlight and quarter windows. The French automaker selected Tier 1 supplier Plastrance to provide the technology called Exatec blackout ink technology for the component. This innovative technology was developed by Plastrance, who worked in close collaboration with Renault and SABIC Innovative Plastics. The light-weight glass backlight and quarter...
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    SABIC launches light weight composites for automotives
    SABIC Innovative Plastics and SABIC PP Automotive have globally launched a range of lightweight, high performance long-glass-fiber (LGF) composites called SABIC® STAMAX polypropylene (PP). SABIC® STAMAX resins are being used by European OEMs as a replacement for steel in components such as front-end modules and door modules. The resins enable OEMs to use single modules instead of the earlier multi-part steel doors, front-end systems and instrument panel carriers. These are light weight and i...
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    Roofing systems set to see daring innovations
    The market for roofing systems and roof modules is growing and changing, mainly due to the array of unique roofing options available and the ability to differentiate a vehicle through its roofing system. The evolution of roof modules has made it possible for OEMs to enter into outsourcing agreements with tier-one suppliers so that models and variants can be extended to include different roofing options for the consumer. The vehicle roof industry and roofing marketplace as a whole has developed ...
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    Latest merger and acquisition activity
    Acquirer Acquired Business Sector Comment Amtek Triplex-Ketlon Automotive 07 November 2007 - Amtek Auto acquired UK based Triplex-Ketlon Group for an undisclosed amount. The company is in the process of coming up with integration plans for achieving considerable cost savings. This acquisition also increases the scope of highly profitable outsourcing opportunities worth US$100m for Amtek’s forging and iron casting and aluminum die-casting operations in India. This acquisition will he...
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    Hanwa L&C acquires Azdel Inc. for US$65m
    Hanwha L&C has acquired Azdel Inc. with an investment of US$65m so as to expand its presence in global chemical markets.Hanwha L&C expects to become the world's largest glass mat thermoplastics (GMT) maker by virtue of the Azdel acquisition. Also, the step will lay the foundation for a global network to supply automotive parts and materials to carmakers worldwide. Further, on the grounds of this strategic move, Hanwha expects the overseas sales to reach up to 40% by 2011 from the current 10% fig...
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    Hanwha acquires US firm for US$65m
    Hanhwa L&C Corporation, a unit of Hanhwa group has acquired 100% stake in Azdel Inc. located in Virginia (USA) for US$65m. This acquisition will help the unit to expand its presence in chemical markets.Azdel is a joint-venture between SABIC Innovative Plastics Holding BV and PPG Industries Inc. It manufactures high performance thermoplastic composites for automobiles parts. The acquisition is an important initial point towards its global expansion plans.It will allow Hanwha L&C to expand...
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    Latest mergers and acquisition
    Acquirer Acquired Business Sector Comment Arques Industries Woco Michelin AVS Automotive 17 September 2007 - Arques Industries, a German venture capital group has acquired Woco Michelin AVS for an undisclosed amount. Woco Michelin AVS is a Dutch joint-venture between Woco and Michelin and manufactures anti-vibration products for the automotive industry.Woco expects the divestment of its share will allow it to focus on its core businesses, gaskets, cylinder-head covers and suspensions fo...
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    SABIC completes acquisition of GE Plastics
    Saudi Basic Industries Corporation (SABIC) has completed the acquisition of GE Plastics from General Electric by the end of August 2007. SABIC has paid US$11.6bn for the buyout. SABIC has changed the acquired company's name to SABIC Innovative Plastics and it will work as a separate business division of the group. The new business will focus on the growth of thermoplastics and engineering plastics through innovation to serve several industries including automotive, electronics, healthcare and co...
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