SABIC products i - Assignment Example

SABIC Products “Saudi Basic Industries Corporation, SABIC “is a public shareholding company based in Saudi Arabia and one among 10 of the largest manufacturers of petrochemicals in the world. It is also the largest and much profitable company in the Middle East that is dealing with non-oil products. It offers an extensive range of products and services. The industries upon which the customers compete are various and SABIC is constantly seeking materials and new ways of maximizing customer success.

The products offered to these customers are categorized into four groups including: performance chemicals, innovative plastics and polymers, metals and fertilizers. This company is involved in the manufacture and marketing of fertilizers, metals and petrochemicals. It operates through strategic business units, each headed by a vice president, including: intermediates, polymers, metals, basic chemicals SABIC specialty products and Innovative plastics, as well as fertilizers. The chemicals unit includes: ethylene, benzene, propylene among others; the specialized products and intermediates: ethylene glycol and vinyl chlorides, while the plastics produced include: PVC, polyester and melamine.

Moreover, fertilizers produced include urea and ammonia while the metals include: aluminum and steel products. SABIC’s business is operated across Africa, Pacific Asia, Europe, America and Middle East regions, while headquartered in Riyadh, south Arabia’s kingdom (Riyadh, 2011).SABIC fulfillment involves requirements as set out in the management system certificate. SABIC is committed to employees, the environment and communities, including dedication of resources for evaluation of health and safety aspects of products and their raw ingredients (Delgado, 2012).

Risks assessment and management is carried out by stewardship and toxicology personnel who develop programs to mitigate risks on humans and the environment; as well as communication of the information to the responsible personnel. In order to meet its commitments, SABIC develops internal programs and processes as well as complying with chemical restrictions and regulations, and the complex product.The company has its belief on the stewardship of natural resources as well as the development of processes and materials that meet sustainability criteria in a responsible manner.

This will facilitate business growth, support the growth of businesses of customers and solve the challenges of the environment. An understanding of impacts across the life cycle of the product helps in focusing efforts on the much essential areas (Riyadh, 2011). The areas of the product lifecycle with the most significant impact is the use of more sustainable raw materials for instance bio-based feeds and recycled materials. It is also crucial to improve the efficiency of operations for manufacturing sites, develop more sustainable designs and instill chemistry with fewer impacts on our products.

SWOT analysis utilizes many primary and secondary sources to come up with key information concerning SABIC. A SWOT analysis examines, as well as, identifies information and issues about SABIC fro intelligence requirements, reports on the strengths, opportunities, threats and weaknesses give information on growth potential, any competitors for SABIC, merits. This information helps in enhancing the understanding of SABIC and details as well as analysis of competitors and available market for more exploration (Delgado, 2012).

The value of SABIC product in 2004 according to the Saudi stock exchange increased 170 % and net profits increased to a 112% from the year 2003 to 2004. SABIC was the largest in the Middle East in market capitalization, as well as a profitable non-oil company. Its profits in 2008 were 86 billion dollars: total assets at 272 billion, while the value of current assets was 95 billion. Moreover, the net income as of 2010 was 5.33 billion, which reflected a 46% increase from 5.02 in 2007 (Hertog, 2008).

In conclusion, SABIC is a non-oil profit-making company in the Middle East that deals in various products including: fertilizers, chemicals, metal and plastics. The fulfillment of product is contained in its management certificate. Its product life cycle stage deals in sustainable production. The value of its total assets as of 2010 was 5.33 billion.ReferencesDelgado, T. (2012). SWOT Analysis Template: Grow Your Business Strategically. New York, NY: TD PublishingHertog, S. (2008). Petromin: the slow death of statist o f statist oil development in Saudi Arabia".

Business history 50 (5): 645–667. doi:10.1080/00076790802246087. Riyadh (2011). Saudi SABIC says China govt approved Sinopec JV. Retrieved from http://uk.reuters.com/article/2009/07/11/sabic-sinopec-idUKLB9933920090711