Home / Knowledge / News / Textiles / SABIC CEO calls for change at European petrochemical meet
SABIC CEO calls for change at European petrochemical meet
10
Oct '13
In a keynote address titled, “Global Leadership and the Chemical Industry,” to the European Petrochemical Association (EPCA) annual meeting in Berlin on October 7, Mohamed Al-Mady, Saudi Basic Industries Corporation (SABIC) Vice Chairman and CEO, said, “Europe faces a new reality. 

The European chemical industry and various governments need to focus on more resource and cost efficient manufacturing, targeting incentives for innovation at the development stage and instituting a robust regulatory framework based on good science with clear goals. Governments must proactively support this transition – it cannot be done by industry alone.”

Regarding SABIC’s operations in Europe, he said the company will continue to play an active role in the region, striving to maintain its in-market manufacturing presence, providing technology from a growing innovative portfolio, and utilizing the optimal  value chain to develop solutions to both Europe’s shifting demographic profile and exportable goods and technologies.

He said that SABIC’s manufacturing capabilities in the continent will target and invest in more resource and cost efficiency, which will in turn improve the company’s environmental footprint.

On innovation, Al-Mady said SABIC will develop technology from its multiple research facilities around the world. “Technology and innovation are central to our future success in Europe as well as the rest of the globe,” he said.

For SABIC and other global companies to effectively contribute toward Europe’s economic growth, Al-Mady urged proactive and coordinated support from the various governments in the region. For one, he called for “a robust regulatory scheme for more resource and cost efficient manufacturing.”

He said historically the European industry’s strength has been its ability to confront difficult challenges and create viable alternatives to achieve greater success.  “In my opinion, this industry has the will and the necessary tools to meet the challenge,” he said.

EPCA is a Brussels based international non-profit association that serves a global network for the chemical business community consisting of producers of petrochemicals, their suppliers, customers and service providers.

Saudi Basic Industries Corporation (SABIC)


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search