Saudi Basic Industries Corporation, SABIC

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Company: Saudi Basic Industries Corporation, Riyadh, Saudi Arabia
Company Description: SABIC is the Saudi Basic Industries Corporation, one of the world's leading manufacturers of chemicals, fertilizers, plastics and metals
Nomination Category: Company/Organization Categories
Nomination Sub Category: Company of the Year - Chemicals

Nomination Title: SABIC

Tell the story about what this nominated organization achieved (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. SABIC supplies these materials to other companies, who use them to make the products on which the world has come to depend. It is the largest and most reliably profitable public company in the Middle East with sound investor relations.

This success is the result of its focus on three things: investment in local partnerships, the best research and technology programs, and an ambitious global growth strategy. When it comes to making business decisions, SABIC believes that its ethical commitments are just as important as economic factors. The corporations is committed to good practices throughout its offices in the Middle East/Africa, Americas, Europe and Asia.

SABIC Innovative Plastics, launched in 2007, is a leading, global supplier of engineering thermoplastics with a 75-year history of breakthrough solutions that solve its customers’ most pressing challenges.

Achievements

- SABIC strengthens technological achievements by developing advanced polypropylene catalyst
- Al Mady Highlights Achievements in Safety, Health and Environment During SABIC SHE Day
- Saudi Sabic Signs 50/50 JV With Mitsubishi Rayon
- SABIC Innovative Plastics’ Tough Ultem* HU1004 Resin Validated as Top Material of Choice for Multiple Sterilization Capabilities vs. PPSU
- SABIC, Maaden JV Starts Initial Production
- SABIC reported 26% year-on-year growth in net profit in Q4 2010

List hyperlinks to any online news stories, press releases, video clips, work samples, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:

News
SABIC signs technology agreement with Montefibre for fully integrated world scale carbon fiber project in Saudi Arabia http://www.sabic.com/corporate/en/newsandmediarelations/news/20110615.aspx
SABIC takes Platinum Sponsorship role at Career Day in Washington, DC http://www.sabic.com/corporate/en/newsandmediarelations/news/20110611.aspx
SABIC and Mitsubishi Rayon announce new joint venture to build MMA and PMMA plants in Saudi Arabia http://www.sabic.com/corporate/en/newsandmediarelations/news/20110531.aspx
SABIC Accelerates Growth in Asia with Key Investments in Polycarbonate and new Technology & Innovation Centers http://www.sabic.com/corporate/en/newsandmediarelations/news/20110517-2.aspx
SABIC and Sinopec invest in polycarbonate plant with 260 kilo metric tones capacity in China http://www.sabic.com/corporate/en/newsandmediarelations/news/20110517.aspx
SABIC and ExxonMobil’s joint venture KEMYA signs agreements with Continental Carbon to furnish licensed technology and market part production http://www.sabic.com/corporate/en/newsandmediarelations/news/20110516-2.aspx
SABIC and ExxonMobil Chemical award contracts, sign technology agreements for proposed new elastomers project http://www.sabic.com/corporate/en/newsandmediarelations/news/20110516.aspx
SABIC, ASAHI and MITSUBISHI form a strategic partnership for first Acrylonitrile and Sodium Cyanide Projects in the Middle East http://www.sabic.com/corporate/en/newsandmediarelations/news/20110427.aspx
SABIC and ExxonMobil Elastomers Project joint venture moves into FEED stage http://www.sabic.com/corporate/en/newsandmediarelations/news/20110301.aspx
SABIC signs four agreements with KAUST http://www.sabic.com/corporate/en/newsandmediarelations/news/20110227.aspx
SABIC ships first load of Acetone from its new SAUDI KAYAN complex in Jubail http://www.sabic.com/corporate/en/newsandmediarelations/news/20110117-2.aspx
SABIC Drug Prevention Initiative launched under the patronage of Prince Naif http://www.sabic.com/corporate/en/newsandmediarelations/news/20110117.aspx

Provide a brief (up to 100 words) biography about the leader of this nominated organization:

Mohamed H. Al-Mady has been Vice Chairman and Chief Executive Officer of Saudi Basic Industries Corporation (SABIC) since July, 1998. He joined SABIC in 1976 with a Bachelor degree from the University of Colorado at Boulder and Master Degree from University of Wyoming, USA both degrees in Chemical Engineering. He has held various key positions within the Company. Mr. Al-Mady has also delivered many keynote speeches, and specialized work papers at various industrial and economic conferences and forums of global, regional and domestic stands; besides the many encounters he had with press agencies, TV channels and other media on economic and industrial matters.

Mr. Al-Mady has received many awards, including, but not limited to, the Middle East CEO Awards in 2005 and the International Petrochemical Heritage Award in 2009. Mr. Al-Mady is also known as a member of the International Advisory Board at the King Abdullah University of Science & Technology, King Fahad University of Petroleum & Minerals, and Prince Mohammed bin Fahad University; a member of the National International Clusters Development Program; a member on the Supreme Council of Armed Forces Domestic Manufacturing; a member of the Economic Offset Committee; the Chairman of Gulf Petrochemicals & Chemicals Association; and a fellow at the London Business School.