SABIC Partners with SCHÜTZ to Develop High-Performance, Cost-Effective Granulated HDPE for Intermediate Bulk Containers

About SABIC

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 21.5 billion (US$ 5.73 billion) in 2010. Sales revenues for 2010 totaled SR 152 billion (US$ 40.5 billion). Total assets stood at SR 317.6 billion (US$ 84.5 billion) at the end of 2010.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 18 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India and China. The company operates in more than 40 countries across the world with 33,000 employees worldwide.

SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. SABIC’s overall production has increased from 35 million metric tons in 2001 to 66 million metric tons in 2010.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

About SABIC in Europe

In Europe SABIC has 12 world-scale production facilities which manufacture polyethylenes, polypropylenes, engineering thermoplastics and chemical products. An extensive network of local sales offices and logistical hubs are responsible for sales of these products as well as those manufactured elsewhere in the world. In addition SABIC has three research facilities based in the region, which form part of its global Technology and Innovation organization.

SABIC employs approximately 6000 people in Europe.

About SCHUTZ

For more than 50 years, the name of SCHÜTZ has stood for innovative plastic and metal products of excellent quality. SCHÜTZ currently employs over 2,800 people in the development, production and sale of innovative, top-quality products at more than 27 international sites. The three SCHÜTZ divisions constantly set pioneering standards with numerous patents and sophisticated new production technologies as well as demonstrating their uncompromising commitment to sustainable growth and environmental protection.

As one of the leading international producers of high-quality transport packaging, SCHÜTZ offers its customers optimum packaging solutions in the form of intelligent packaging systems and services tailored to their individual supply chain.

In designing the ECOBULK, SCHÜTZ created an intelligent, space-saving packaging system tailored to industry requirements. Thanks to its modular structure, the ECOBULK is the ideal solution for every application. SCHÜTZ Security-Layer Technology makes it possible to produce plastic containers with up to six layers, such as an EVOH permeation barrier, for example, or an electrically conductive or antistatic outer layer.

With its lines of plastic and steel drums, SCHÜTZ offers an innovative packaging system providing maximum safety even for the most sensitive packaging and transport requirements and a diverse range of applications.

What’s more, the company actively assumes responsibility for its products with the SCHÜTZ TICKET SERVICE, which not only includes the collection but also the ecological reconditioning of used SCHÜTZ IBC’s worldwide.

For further information: www.schuetz.net.

Media Notes

• As an acronym, SABIC should be all caps whenever it appears in print.

• ® Trademark of SABIC