Oct 15 2011 |
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SABIC named 'Company of the Year - Chemicals'
JEDDAH - Saudi Basic Industries Corporation ( SABIC ) has been named "Company of the Year - Chemicals" by the People's Choice Stevie Awards - a unique award that is judged each year by leading figures in business worldwide.Mohamed Al-Mady, SABIC CEO and Vice Chairman, received the award at the Eighth Annual International Business Awards function held in Abu Dhabi on Oct. 11 under the patronage of Shekha Lubna Al-Qassimi, UAE Minister of Foreign Trade.
SABIC 's businesses are grouped into chemicals, polymers, performance chemicals, fertilizers, metals and innovative plastics. SABIC has significant research resources with 18 dedicated technology & innovation facilities in Saudi Arabia, US, the Netherlands, Spain, Japan, India and China. The company operates in more than 40 countries across the world with 33,000 employees worldwide.
SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. SABIC 's overall production has increased from 35 million metric tons in 2001 to 66 million metric tons in 2010. Al-Mady said " SABIC has won this honor due to its leading position in the global petrochemical industry. It is a result of SABIC 's global teamwork, and is a reflection of our remarkable business achievements. We are pursuing the right policies in serving our customers, and are eager to continue leading the industry forward."
He added " SABIC is working according to clear plans and specific strategies for growth and expansion in several areas, including customer service, access to new markets, and value-added products. We continue to invest in technology, offering innovative business solutions. We are focusing on qualitative development of human resources, while maintaining our highest performance levels and operational quality, with a strong emphasis on sustainability and environment care."
The Washington-based Stevie Awards committee screens the companies in various metrics including growth, innovation and integrity. The awards were created in 2002 to honor and generate public recognition of the efforts, accomplishments, and positive contributions of companies and business people worldwide. The awards, which are governed by a board of top executives, association leaders, business press, and business academics, are conferred in four programs: American Business Awards, International Business Awards, Stevie Awards for Women in Business, and Stevie Awards for Sales & Customer Service.
The SABIC delegation included Abdulaziz Alhabib, General Manager, SABIC Dubai, and Mohammed Al-Motawa, SABIC General Manager, Events and Protocol. Ebrahim Al Saad Al Ebrahim, Saudi Ambassador to the UAE, also attended the event.
SABIC won the award after a detailed, two-phased voting and evaluation process of nominees from July 28 to Sept. 9, 2011. In the preliminary stage, 35,000 top-ranking business professionals from around the world cast their votes, after which specialized committees made a final choice based on the voting scores.
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