In February, SABIC Ventures participated in a strategic investment round into FibeRio that will be used to introduce larger scale production systems to the market and execute on a growing pipeline of orders with global leaders in the nonwovens and textiles industries. At the time of the announcement, Hans Kolnaar of SABIC Ventures commented that, “FibeRio’s unique processing technology not only increases our market reach, but offers SABIC an opportunity to move further down the value chain with innovative fibers for our customers.”
Representatives from SABIC’s Innovative Plastics are in FibeRio’s booth 1155 to discuss how customers can leverage the unique capabilities of Forcespinning technology and SABIC’s proprietary resins for new-to-world products that introduce high performance materials and competitive advantages in the market place.
FibeRio Technology Corporation provides the technology and capital equipment to transform the materials market through the unlimited availability of cost effective nanofibers. Founded in 2009, the company has already delivered several large-scale industrial Forcespinning units to industry leading customers across the globe. The company is headquartered in its manufacturing facility in McAllen, TX.
Saudi Basic Industries Corporation (SABIC) 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.
SABIC recorded a net profit of SR 24.72 billion (US$ 6.59 billion) in 2012. Sales revenues for 2012 totaled SR 189 billion (US$ 50.40 billion). Total assets stood at SR 338 billion (US$ 90.13 billion) at the end of 2012.
SABIC’s businesses are grouped into chemicals, polymers, performance chemicals, fertilizers, metals and innovative plastics. SABIC has significant research resources with 17 dedicated technology and innovation facilities in Saudi Arabia, the U.S., the Netherlands, Spain, Japan, India and South Korea. The company operates in more than 40 countries across the world with around 40,000 employees worldwide.
SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70% of SABIC shares with the remaining 30% held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.
SABIC’s Innovative Plastics business is a leading, global supplier of engineering thermoplastics with an 80-year history. Today, Innovative Plastics is a multi-billion-dollar company with operations in more than 35 countries and approximately 9,000 employees worldwide. The company continues in the plastics industry with customer collaboration and continued investments in new polymer technologies, global application development, process technologies, and environmentally responsible solutions that serve diverse markets such as healthcare, transportation, automotive, electrical, lighting and consumer electronics. The company’s extensive product portfolio includes thermoplastic resins, coatings, specialty compounds, film, foam and sheet.