AlQa'dah 17, 1432, Oct 15, 2011, SPA - Saudi Basic Industries Corporation (SABIC) has been named "Company of the Year - Chemicals" by the People's Choice Stevie Awards - a unique award that is judged each year by leading figures in business worldwide. Mohamed Al-Mady, SABIC CEO and Vice Chairman, received the award at the Eighth Annual International Business Awards function held in Abu Dhabi on October 11 under the patronage of Sheikha Lubna Al-Qassimi, the UAE Minister of Foreign Trade. SABIC's overall production has increased from 35 million metric tons in 2001 to 66 million metric tons in 2010, according to a press report published today. Al-Mady said "SABIC has won this honor due to its leading position in the global petrochemical industry. It is a result of SABIC's global teamwork, and is a reflection of our remarkable business achievements. We are pursuing the right policies in serving our customers, and are eager to continue leading the industry forward."