SABIC CEO meets senior Chinese official

05 Nov '11

2 min read

The Saudi Basic Industries Corporation (SABIC) received a senior Chinese official, He Lifeng, Vice Party Secretary of Tianjin City Government, at its headquarters in Riyadh on November 4 in a strong sign of the company's growing business profile in China. Mohamed Al-Mady, SABIC Vice Chairman and CEO, received the official and his delegation, which also included Xu Hongxing, President of the SINOPEC SABIC Tianjin Petrochemical Company.

The Chinese dignitaries watched a corporate film and a presentation, and attended a lunch reception hosted in their honor.

Expressing his views on the key visit, Al-Mady said that it reflects SABIC's strong commitment to the Chinese market and its growing business presence in China. “SABIC has embarked on a series of growth initiatives in China, including a new partnership with SINOPEC to build a polycarbonate plant in Tianjin and a new research center in Shanghai,” he said.

The visit comes close on the heels of two recent delegations from China to SABIC – one headed by Zhang Gaoli, Member of the Political Bureau, Central Committee, Communist Party of China (CPC), and Secretary of the CPC Tianjin Municipal, and the second led by Li Yongwu, Chairman of China Petroleum and Chemical Industry Federation.

He Lifeng, was the Party Secretary of Fuzhou city and Xiamen before he was promoted to his current post. He was also the Xiamen City Director of Treasury, and later Vice Mayor.

SABIC has 17 offices in the Greater China Region, three manufacturing plants in Shanghai, Guangzhou and Tianjin, one Technology & Innovation Center in Shanghai, and employs over 900 staff.

Saudi Basic Industries Corporation (SABIC)

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