Sabic’s head office in Riyadh

Sabic’s head office in Riyadh

Sabic makes key changes

01 November 2015

Sabic has announced it is undertaking a global transformation aimed at creating a more agile, cost-efficient, and customer-focused organisation that meets their needs more effectively. The company’s new organisational structure is expected to be in place by January 1, 2016.

The reorganisation follows a comprehensive review addressing the challenges Sabic faces in the context of the company’s 2025 strategy, including changes in the market landscape as well as the need to drive technology and innovation. To meet these challenges, the company is optimising its existing portfolio while at the same time investing in the innovations that are required for future growth.

The commodity products of the Innovative Plastics Strategic Business Unit (SBU) will now be housed in the Chemicals and Polymers SBUs. The remaining Innovative Plastics’ solutions will fall under a newly created SBU called Specialities. This business will serve as the exclusive home for Sabic speciality solutions. Along with the Performance Chemicals SBU, the portfolio of which was reallocated earlier, the Innovative Plastics SBU will cease to exist.

“This reorganisation will focus resources more intensively on the needs of each line, enhancing customer intimacy with more focused solutions provision and helping move Sabic to the next level of portfolio product management”, said Yousef Abdullah Al Benyan, acting vice chairman and CEO of Sabic. “The changes will enhance our global footprint to serve our customers locally while providing solutions globally.”

More Stories