Home / Knowledge / News / Textiles / UK Minister of Trade & Investment visits SABIC
UK Minister of Trade & Investment visits SABIC
22
Sep '11
Saudi Basic Industries Corporation (SABIC) has announced the visit of a senior UK delegation, headed by Lord Green of Hurstpierpoint, Minister of State for Trade & Investment, to the company's headquarters in Riyadh on September 21. Mohamed Al-Mady, SABIC Vice Chairman and CEO, and other high ranking company officials, received the Minister and his delegation.

Previously the Global Group Chairman of HSBC Holdings, Lord Green was accompanied by Edward Oakden, Managing Director of UK Trade & Investment, and Chris Innes-Hopkins, Director UK Trade & Investment at the British Embassy in Riyadh.

Al-Mady and Lord Green discussed the prospects for exploring new opportunities between SABIC and the UK companies, largely in light of the fact that SABIC has considerably boosted its presence in the country after its acquisition of Huntsman Petrochemicals in 2006.

Commenting on the visit, Al-Mady said that it comes at a time when SABIC is optimizing its international operations, pursuing new ventures for investments, and focusing on technology and innovation efforts. The creation of SABIC UK Petrochemicals was part of this global strategy, with the company now boasting a new state-of-the-art 400,000 metric tons/year LDPE plastics production plant in Wilton, Teesside – the largest of its kind in the world. Operations also comprise a cracker unit and aromatics compounding complex.

Al Mady concluded: “We work diligently to improve the business environment through simplifying the planning and development of new infrastructure processes and by maintaining a stable and clear organization. We believe that opportunities will be available in the UK, a world leader in manufacturing, technology, research and development, in addition to bio sciences and creative industries, which are receiving support from the widespread existing UK services sector”.

Saudi Basic Industries Corporation (SABIC)

Must ReadView All

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Textiles | On 30th May 2017

ExxonMobil, SABIC sign deal for next phase of US project

Affiliates of Exxon Mobil Corporation and Saudi Basic Industries...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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