Wednesday 14 April 2021

Sabic to market Aramco’s share of Sadara products

RIYADH, 7 days ago

Sabic, a global leader in diversified chemicals, said that it will begin marketing Aramco’s allocation of Sadara Chemical Company products, more consistent with Aramco’s equity ownership of the joint venture, beginning July 1, 2021.

The change is the result of an agreement between Sabic, Aramco, Sadara and The Dow Chemical Company (Dow), and aligns with the strategic positioning of Sabic as the chemicals arm of Aramco, which acquired a 70% stake in Sabic last year.

Sadara represents a unique alliance between Aramco and Dow. The realignment of marketing responsibilities relates to a number of products in several phases, which include a range of chemicals, polyethylene and functional chemicals.

By marketing Aramco’s allocation of Sadara products, Sabic expects to drive further supply chain efficiencies, strengthen its brand and combined product and services offering, and help to maintain competitive preference in the global chemicals industry. Customers can expect to benefit from improved product range and availability, ordering and points of sale, supply chain, shipping reliability, and after-market services and solutions. –TradeArabia News Service


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