Saudi Basic Industries Corporation (Sabic) meets half the local demand for steel products, with sales reaching around 6 million metric tonnes a year, a senior executive said.

"Sabic is the first company in the region to offer customised products and services to keep pace with local demands, such as earthquake-resistant reinforcing bars specifically produced for Saudi Aramco projects,” said Abdulziz Al-Humaid, Sabic executive vice president, metals.

He was speaking following the company's successful participation as a platinum sponsor in the 4th International Steel, Steel Fabrication and Metallurgy Exhibition (Metal & Steel/ Fabex Saudi Arabia 2015) in Riyadh from April 6 to 9.
 
The exhibition showcased state-of-the-art products, technology, and equipment relating mainly to iron and steel plants. Among the sectors represented were construction, oil and gas, petrochemicals, electricity, energy, automotive, aviation, and cement.

Commenting on Sabic’s participation in the exhibition, Yousef Al-Benyan, Sabic Vice Chairman and CEO, said: “Sabic is enthusiastic about participating in such events that centre on our key products – in this case, metals.  This is particularly so, given the fact that Sabic enjoys a strong market position and a global status as a leading metals manufacturer. Moreover, international exhibitions are an important opportunity for us to get closer to our customers.”

Through its manufacturing affiliate, Saudi Iron and Steel Company (Hadeed), the largest integrated complex for iron and steel production in the Middle East, Sabic produces long and flat products, meeting the highest international standards and specifications. It provides innovative products and quality services through excellence in all its operations.

The exhibition drew more than 250 specialised companies from 26 countries, including the GCC states.

The exhibits covered various products, machinery and services related to iron and steel fabrication and manufacturing. - TradeArabia News Service