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Sipchem takes part in major plastics, rubber event in Germany

RIYADH, October 24, 2019

Sahara International Petrochemical Company (Sipchem) was among the key participants and exhibitors at the K 19, a leading trade fair for plastics and rubber, held recently in Germany.

Sipchem is an integrated global leader in the petrochemical sector and a company listed on the Saudi Stock Exchange.

The event opened on October 16 and ran until October 23, in Düsseldorf.

The triennial fair brings together over 3,000 global thought leaders, exhibitors and industry experts, under themes such as “Plastics for Sustainable Development” and “Circular Economy”, said a statement.

In attendance were, Engineer Saleh Bahamdan, CEO of Sipchem, and Rashid S Al Ghurair, Sipchem board member, among other Sipchem management who opened the company’s stand.

Engineer Bahamdan said: “We have built up a diversified product portfolio and value chain presence in attractive and fast-growing markets, such as diversified segments. Moreover, our aim is to bolster Saudi Arabia’s profile to international investors by being one of the largest companies in the petrochemical sector.”

“This investment will allow Sipchem, with the blessing of Allah Almighty, to further increase production, and support the ongoing industrial development outlined in the comprehensive development plans being implemented by the kingdom,” he added.

Sipchem exhibited several of the company’s main products such as ethyl, and butyl acetates - which are used as fruit flavouring in foods - produced by Sipchem Chemicals Company, an affiliate of Sipchem.

Sipchem’s participation in the K 19 fair is in line with Saudi Arabia’s Vision 2030 to build national champions with strong local and international reach in the petrochemical industry.

The showcasing of a wide range of products from basic chemicals and polymers to specialty chemicals, is a leverage of its local and global partnerships to deliver greater shareholder value, it stated. – TradeArabia News Service




Tags: | Germany | plastics | Rubber | sipchem | major |

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