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Sabic: Internal merger of European automotive units

October 16/2009
Sabic Innovative Plastics (SIP, Bergen-op-Zoom / The Netherlands; www.sabic-ip.com) and Sabic Europe (Geleen / The Netherlands; www.sabic.eu) plan to merge their automotive operations within SIPs automotive division. The merger will bring together the entire automotive portfolio from PP to technical compounds, which previously operated separately. The company said this is just the first step in the amalgamation process.

At Cartagena / Spain, EUR 300m is being invested in capacity for "Ultem high-temperature plastics and the newer Extem brand Expansion is also planned for Genk / Belgium.



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Sabic. The share in the Russian market in 2008:
 PE 0.2%;
 PP - 0.4%;
 PS 0.2%.

 

Annual sales growth in Russia over the last 5 years:
 PE - 33%;
 PP 62%.


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