8 October 2015
DETAILS
SABIC today announced it is undertaking
a global transformation aimed at
creating a more agile, cost-efficient, and
customer-focused organization
that meets their needs more effectively.
The company’s new organizational structure
is expected to be in place by January 1, 2016.
The reorganization follows a comprehensive review
addressing the challenges SABIC faces in
the context of the company’s 2025 strategy --
including changes in the market landscape as well as
the need to drive technology and innovation.
To meet these challenges, the company is optimizing
its existing portfolio while at the same time
investing in the innovations that are required for future growth.
As a result of this optimization,
the commodity products of
the Innovative Plastics Strategic Business Unit (SBU)
will now be housed in
the Chemicals and Polymers SBUs.
The remaining Innovative Plastics’ solutions
will fall under
a newly created SBU called Specialties.
This business will serve as the exclusive home
for SABIC specialty solutions.
Along with the Performance Chemicals SBU,
the portfolio of which was reallocated earlier,
the Innovative Plastics SBU will cease to exist.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
