Sabic Reorganizes Corporate Structure to Adapt to Market Changes - Bloomberg Business:
"Saudi Basic Industries Corp. announced a restructuring to make itself more agile and cost-efficient, following a comprehensive review of the challenges facing the Middle East’s biggest petrochemicals company.
The new organizational structure should be in place by January 1, the company said in a statement Thursday. Sabic’s innovative plastics unit will be broken up and reallocated to other divisions, including chemicals and polymers and a new unit called specialties.
“The changes will enhance our global footprint to serve our customers locally while providing solutions globally,” Yousef Abdullah Al-Benyan, Acting Vice Chairman and chief executive officer of SABIC , said in the statement. “This reorganization will focus resources more intensively on the needs of each line.”"
'via Blog this'
No comments:
Post a Comment