Home / Knowledge / News / Textiles / High-level Chinese delegation visits SABIC headquarters
High-level Chinese delegation visits SABIC headquarters
16
Sep '11
Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu and Chairman of SABIC, received at the SABIC headquarters in Riyadh on September 15, a high-level Chinese delegation, headed by Zhang Gaoli, Member of the Political Bureau, Central Committee, Communist Party of China (CPC), and Secretary of the CPC Tianjin Municipal Committee.

The delegation was accompanied by Li Jinjun Vice Minister, International Department of the CPC Central Committee, Mr. Xiong Jianping, Vice Mayor of Tianjin City and the Chinese Ambassador to Saudi Arabia, Yang Honglin and other embassy officials. Also present were the SABIC Board of Directors and senior executives.

Prince Saud praised the strong relationship between Saudi Arabia and China as well as the efforts of the leaderships of the two countries to develop these ties at all political, economic and technological levels. He lauded the strong growth of the Chinese economy, which has, in turn, boosted SABIC's presence in the Chinese market.

Prince Saud said, "The strong initiatives taken by Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz have greatly contributed to the growth of the Saudi economy and its stability even in the face of global financial uncertainties. According to the World Bank's business performance report for the year 2009, the Kingdom has moved up to the 13th rank globally. It is also ranked top among Arab countries for the best investment environment.”

Prince Saud commended the visit of Chinese President Hu Jintao to SABIC headquarters in Riyadh in 2006 and the subsequent cooperation between SABIC and the Chinese company, Sinopec. This collaboration has resulted in the SABIC Sinopec joint venture in Tianjin, which has grown rapidly to form the basis for building a long-term strategic partnership.

Experts expect the annual demand for petrochemicals in China to grow above 10 percent over the next ten years. SABIC has announced its plans to establish a US$ one billion high-tech SABIC advanced polycarbonate technology plant in Tianjin City, China with an annual capacity of 260K tons to meet the growing demand for plastics in the country. The project will provide an opportunity to the company to grow in the market for high performance engineering thermoplastics, and meet the growing demand for SABIC advanced polycarbonates in China.

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.

Saudi Basic Industries Corporation (SABIC).


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search