SABIC AND NOTTINGHAM SPIRK ACCELERATE INNOVATIONS WITH SPECIALTY MATERIALS ACROSS MULTIPLE INDUSTRIES
Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and methods of collaboration to innovate across the industry value chain. As part of this investment in the future, SABIC’s Specialties business announced today that it is accelerating the development of disruptive solutions to create end-user market pull by engaging with Nottingham Spirk, a business innovation and product design firm based in Cleveland, Ohio, USA. This relationship brings together the benefits of SABIC’s proprietary specialty thermoplastic offerings and Nottingham Spirk’s award-winning capabilities to design and commercialize breakthrough products across multiple industrial verticals.
(firmenpresse) - AMSTERDAM, THE NETHERLANDS, August 14, 2018 - Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and methods of collaboration to innovate across the industry value chain. As part of this investment in the future, SABIC
SABIC
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Saudi Vision 2030 is designed to reduce Saudi Arabia
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• © 2018 Saudi Basic Industries Corporation (SABIC). All Rights Reserved.
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ABOUT SABIC
SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.
We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.
SABIC recorded a net profit of SR 18.4 billion (US$ 4.9 billion) in 2017. Sales revenues for 2017 totaled SR 149.8 billion (US$ 39.9 billion). Total assets stood at SR 322.5 billion (US$ 86 billion) at the end of 2017. Production in 2017 stood at 71.2 million metric tons.
SABIC has more than 34,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have 11,534 global patent filings, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.
ABOUT NOTTINGHAM SPIRK
For over 46 years, Nottingham Spirk has created breakthrough innovations for our client partners, generating over $50 billion in revenue. Nottingham Spirk is the only truly vertically integrated innovation firm with all disciplines required to bring a product to market under one roof.
Since our inception in 1972, we have secured over 1,200 commercialized patents and created over 100+ world’s first innovations. Nottingham Spirk provides real-time innovation training for client teams, allowing our client partners to learn from the process and accelerating the speed of product development and launch through our patented Vertical Innovation™ process. Our 60,000 square foot innovation center located in Cleveland, Ohio houses all the resources and expertise needed to bring innovations from concept to commercialization. To learn more, visit www.nottinghamspirk.com.
Datum: 14.08.2018 - 10:13 Uhr
Sprache: Deutsch
News-ID 1539738
Anzahl Zeichen: 3887
contact information:
Contact person: Kevin Noels
Town:
Kapellen
Phone: 0032 3 31 30 311
Kategorie:
Chemical industry
Typ of Press Release: Unternehmensinformation
type of sending: Veröffentlichung
Date of sending: 14.08.2018
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