8 Jun 2017
SABIC wins the Best Polymer Producers Award 2017 for polypropylene
Sittard, the Netherlands, June 8, 2017 - SABIC has been named a winner of the prestigious Best Polymer Producer Award in the category of Polypropylene at an award ceremony held in conjunction with the European Plastics Converters (EuPC) Annual Event on 1 June 2017 in Madrid, Spain.
The winner is selected based on European-wide customer satisfaction survey conducted by the Polymers for Europe Alliance. Starting in February 2017 for in total three months, all users of polymers in Europe rated their suppliers’ performances by accessing the free of charge voting tool in strict confidence from mid last year up to end of May 2017. Companies are evaluated regarding the five criteria Polymer Quality, Regulatory Compliance, Delivery Reliability, Communication and Innovation.
The award is an affirmation of SABIC’s on-going efforts in plastics value chain through our customer engagement, commitment and investments in innovation and technology to provide solutions for the industry.
“SABIC is honored to be named The Best Polymer Producer winner for 2017. The award is tremendous validation that our commitment to the plastics industry – which to us, means listening to our customers and leveraging our global innovation expertise in response to their needs – is helping to solve their challenges,” said Sjoerd Zuidema, Director of Polypropylene Business Europe for SABIC.
“The Best Polymer Producers Awards represent a major opportunity for re-establishing a constructive dialogue and a good communication between suppliers and users of polymers in Europe,” added Ron Marsh, Chairman of the Polymers for Europe Alliance.
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SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.
We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.
SABIC recorded a net profit of SR 17.8 billion (US$ 4.8 billion) in 2016. Sales revenues for 2016 totaled SR 132.8 billion (US$ 35.4 billion). Total assets stood at SR 316.9 billion (US$ 84.5 billion) at the end of 2016. Production in 2016 stood at 72.7 million metric tons.
SABIC has more than 35,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have 12,191 global patent filings, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.
ABOUT POLYMERS FOR EUROPE ALLIANCE
The Alliance was initiated by the European Plastics Converters association (EuPC) during its General Assembly in May 2015. It is an online, confidential information platform open to all parties who have an interest in the competitive conversion of polymers in Europe. Its objectives are to provide factual public information on the status of the polymer supply situation in Europe and to re-establish a constructive dialogue with the supply base. Initiatives of the Alliance include the annual Best Polymer Producers Awards for Europe as well as several studies like an exploratory industry study to assess the level of competitiveness of the European plastics converting industry.
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