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    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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End-of-day quote Saudi Arabian Stock Exchange  -  2022-08-17
106.20 SAR   -0.75%
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08/09Saudi's SABIC posts near 4% rise in Q2 net profit
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Saudi Basic Industries : SABIC Introduces Unique New Pipe Technology in Collaboration with Major Players in the Pipe Industry

09/07/2021 | 11:22am EDT

SABIC, a global leader in the chemical industry, today has announced the development of a new technology and range of dedicated polyethylene (PE) and polypropylene (PP) resins that mark a significant leap forward in the performance profile of polyolefin pressure pipes. Together with Tecnomatic and aquatherm, two major specialists in pipe manufacturing, the technology is being advanced from concept to reality. As 'Golden Sponsor' of the International Plastic Pipes XX (PPXX) Conference and Exhibition (6-8 September 2021) in Amsterdam, SABIC introduced the new concept during the conference and presented the technology in the PPXX Technical Sessions.

There is an urgent need for more durable and reliable as well as cost-efficient and sustainable pipe systems to meet the potable water and sanitation needs of an ever-growing global population. Since the introduction of polyolefins for pressure pipes, continuous efforts have been made to improve the performance levels and expand the application scope of polyolefin pipes. SABIC has now succeeded in optimizing the formulation of dedicated PE and PP resins for biaxial stretching that will allow manufacturers to boost the key properties of pressure pipes to unprecedented levels. The new resins in combination with the BiAx stretching technology will enable a new generation of lighter and stronger as well as energy- and cost-efficient pipe systems.

Benefits in performance and sustainability

SABIC's new BiAx Pipe technology offers substantial improvements over incumbent polyolefin pipes across the entire range of performance criteria. Higher resistance against internal pressure enables wall-thickness reduction and thus can reduce material use by at least 30 percent. Superior resistance to slow-crack growth (RC) facilitates trenchless pipe installation. In addition, the very smooth inner wall surface reduces the energy required for pumping. The technology renders the pipes more abrasion resistant and prolongs their lifetime. Combined, these characteristics provide a major leap forward.

In addition, the new PE and PP pipes promise better resistance to disinfectants, a lower coefficient of linear thermal expansion (CLTE) and improved low-temperature impact strength.

Connecting across the value chain

SABIC is partnering with leading players in the pipe industry to validate and accelerate the time to market of its new BiAx Polyolefin Pipe technology.

As part of these joint efforts, Tecnomatic, an Italian pipe manufacturing equipment specialist, has installed a fully integrated continuous BiAx pipe extrusion line for evaluation, trials and optimization of the process with dedicated SABIC resins. On this line, pipes are first conventionally extruded with thick walls and small diameters, then drawn over a heated mandrel and stretched in two directions to obtain larger diameters and thinner walls. This gives them their characteristic BiAx properties.

Another partner in this project is aquatherm, a world leader in PPR pipe systems with extensive product, application and market knowledge. The company targets to introduce SABIC's advanced biaxially oriented pressure pipe technology in a wide range of diversified application areas.

For a closer look at the new technology, view SABIC's BiAx Pipe video here.

Disclaimer

SABIC - Saudi Basic Industries Corporation SJSC published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 15:21:03 UTC.


© Publicnow 2021
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Financials
Sales 2022 205 B 54 735 M 54 735 M
Net income 2022 27 620 M 7 357 M 7 357 M
Net cash 2022 24 409 M 6 501 M 6 501 M
P/E ratio 2022 11,6x
Yield 2022 4,34%
Capitalization 319 B 84 993 M 85 020 M
EV / Sales 2022 1,43x
EV / Sales 2023 1,52x
Nbr of Employees 35 000
Free-Float 30,0%
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Number of Analysts 12
Last Close Price 106,20 SAR
Average target price 118,52 SAR
Spread / Average Target 11,6%
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Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director
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