Saudi plastics markets grows by 5% to 7%

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Updated 06 March 2015
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Saudi plastics markets grows by 5% to 7%

SABIC showcased its range of innovative products in construction, printing and packaging at the 12th Saudi Exhibition for Printing, Packaging, Plastics and Petrochemicals 2015.
SABIC was the diamond sponsor of the exhibition that took place at Jeddah Center for Forums and Events from March 1 to 3.
SABIC also highlighted its technical solutions for key sectors such as transportation, health and consumer appliances, particularly the company’s polymers, synthetic rubber and specialty range, which respond to the sustainability needs of customers.
SABIC used the opportunity to hold a lecture series to raise awareness among customers on various subjects including research, technology, manufacturing, and marketing, besides business developments specific to the company.
Mosaed Al-Ohali, SABIC executive vice president, polymers, said that SABIC’s participation reflected its continuing efforts to develop new, innovative solutions to achieve sustainable development.
SABIC displayed its latest technologies, applications, systems and products for the benefit of customers in the Saudi market and to help them develop their manufacturing capabilities, and support Saudi Arabia’s development plans.
“At the exhibition, SABIC focused on spreading the culture of innovation by acquainting visitors with its innovation award,” Al-Ohali said.
“The Saudi plastics markets grew by 5-7 percent, with SABIC being the leading supplier of high quality products and various grades that fulfill customer needs. It also offers technical support and advisory services,” he said.
Abdulrahman Al-Faqih, executive vice president, Performance Chemicals, said that SABIC participated in the event to display innovative and cost-effective solutions that can be developed locally to promote sustainable development.
He stressed that SABIC was keen to raise public awareness on sustainability as an important industrial concept to preserve the future of our generations and natural resources.
The SABIC pavilion was also used to spread a culture of innovation among the visitors.
The Performance Chemicals business, he said, focuses on providing specialty products that offer advanced solutions for customers and end-users.
The Saudi Exhibition for Printing, Packaging, Plastics and Petrochemicals 2015, which is one of the largest specialized trade fairs in the Middle East, was opened on March 1 by Saleh Al-Salmi, Deputy Minister of Commerce and Industry for Industry Affairs, on behalf of Tawfiq Al-Rabiah, minister of commerce and Industry.
With more than 300 domestic and international exhibitors from 19 countries around the world, the exhibition represented a unique platform for reviewing key services and products in printing, packaging, plastics and petrochemical areas, and discussing the latest trends and opportunities in both local and global markets.
Saudi Basic Industries Corporation 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.


China confident of achieving key 2019 economic targets: vice premier

Updated 24 March 2019
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China confident of achieving key 2019 economic targets: vice premier

  • China targets economic growth of between 6 percent and 6.5 percent for the year, compared with 6.6 percent growth last year

BEIJING: China’s economy may face a more challenging environment this year but the government is nevertheless confident of achieving its key 2019 targets, Vice Premier Han Zheng said on Sunday.
Han, speaking at the China Development Forum, reiterated that China will further deepen market-oriented reforms and open up its economy. He also said China’s imports of goods are expected to exceed $12 trillion in the next five years.
China targets economic growth of between 6 percent and 6.5 percent for the year, compared with 6.6 percent growth last year.