Mady, SABIC Vice Chairman and CEO said, “SABIC has maintained outstanding levels of operations despite the global financial and economic crises. SABIC's total production volume during the first half of 2009 reached 28.5 million tons, reflecting an increase of 1 percent, while total quantity sold reached 22.9 million tons, an increase of 2 percent over the same period last year”. “SABIC's strong financial position, its ability to generate strong cash flows, and the continued efforts to reduce costs, optimize operational efficiencies, and maintain high utilization rates together with the new production capacities coming on-stream at YANSAB and SHARQ will have a positive impact on its performance and corporate results in the coming quarters. SABIC's investment in China with Sinopec will profitably further enhance our footprint in the fast growing Chinese market”, Al-Mady added.
