Position Paper

1723 Words May 20th, 2012 7 Pages
Structured Position Paper
Structured Position Paper
SABIC SAUDI ARABIA
Saudi Arabia- Riyadh
24/04/12
SABIC SAUDI ARABIA
Saudi Arabia- Riyadh
24/04/12
Student Name
SABIC Saudi Arabia considered one of the global market players, where at this paper I will highlight a commentary and analysis to the company vision and mission and a brief SOWT Analysis and company competitive advantage.

Student Name
SABIC Saudi Arabia considered one of the global market players, where at this paper I will highlight a commentary and analysis to the company vision and mission and a brief SOWT Analysis and company competitive advantage.

Table of Contents Structure Position Paper 2 SABIC Saudi Arabia 2 SABIC Vision 2 SABIC Mission 2 SABIC Values 2 SABIC
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The first of SABIC’s businesses to begin actual production was HADEED, which began producing steel products in 1982. In 1983, SABIC opened its new headquarters in Riyadh, and from that time SABIC expanded through various industries over various countries.

SABIC went public in 1984, although the Saudi government maintained a 70 percent stake in the company, and its shareholder base was restricted to Saudi and other citizens in the GCC countries only. The newly public company began its first marketing efforts, with access to Saudi Arabia’s huge gas reserves, SABIC was able to enter the market with some of the lowest feedstock costs in the industry. Indeed, SABIC’s arrival forced a shift among the industry’s previous major players, many of which moved farther downstream in petrochemicals production, while others exited a number of markets entirely. At the same time, the company’s Gulf location placed it close to both European and, especially, fast growing Asian markets.

SABIC’s production was 6.5 million metric tons in 1985. Five years later production rose to 13 million tons; by 2003 production had risen to 42 million metric tons; it reached 56 million metric tons in 2008 and it is planning to raise its production to over 130 million tons by 2020 through various strategies such as local expansions, acquisitions, and joint ventures.
SWOT analysis
Strengths

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