SABIC Certified ‘Top Employers Asia Pacific 2014’ in Multiple Markets across Asia
February 17, 2014 - New Delhi, Delhi , India
“SABIC believes that the true mark of a top employer is in creating Chemistry that matters™ with our employees, customers, partners and communities to enable long term success. We relentlessly aim to provide a foundation for our employees to operate ethically and an environment to nurture innovation. Our employees play a key role in conceptualizing and delivering our CSR programs in strengthening our community relationships across the region,” said Janardhanan Ramanujalu, Vice President, SABIC South Asia & ANZ.
“Our people are our most vital asset. The endorsement of our Human Resources management processes across the region is a testament of SABIC’s commitment to nurture and create optimal employee conditions that support the professional and personal development of our people,” said Li Lei, Vice President, SABIC North Asia.
SABIC’s Employment Value Proposition (EVP) seeks an alignment with its corporate strategy; however, it aspires to be a leader rather than a follower in the market. SABIC focuses on developing different segments in its organization: early career, middle managers and senior managers. Programs focusing mainly on change management, change leadership and coaching are designed and tailored for each segment.
Training is also a key element in SABIC’s EVP. In 2013 approximately two-thirds of the employees were developed in soft skills, leadership skills, functional expertise and also in industry programs.
The annual international research undertaken by the Top Employers Institute, including an audit of Top Employers Institute’s processes by Grant Thornton, an independent audit, tax and advisory firm, recognizes leading employers around the world: companies that provide excellent employee conditions, nurture and develop talent throughout all levels of the organization, and which strive to continuously optimize employment practices. SABIC is proud to be one of the select companies to achieve the exclusive Top Employers Asia Pacific 2014 certification.
Notes to Editors
- SABIC should be written in every instance in all uppercase.
- High resolutions images are available upon request
- For more information on the Top Employers certification, please visit http://www.top-employers.com
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
SABIC recorded a net profit of SR 24.72 billion (US$ 6.59 billion) in 2012. Sales revenues for 2012 totaled SR 189 billion (US$ 50.40 billion). Total assets stood at SR 338 billion (US$ 90.13 billion) at the end of 2012.
SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 17 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India, China and South Korea. The company operates in more than 40 countries across the world with around 40,000 employees worldwide.
SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.
About SABIC Asia
Established in the 1980s, SABIC Asia has over 40 offices and more than 2,400 employees across the region. With 9 manufacturing and compounding sites in China, India, Japan, Korea, Malaysia, Singapore and Thailand, SABIC constantly strives to better serve our customers in the Asian region. A leading global organization in research and technology, we have two Application Centers in Moka, Japan and Sungnam, Korea and two Technology Centers in Bengaluru, India and Shanghai, China. Today, Asia is SABIC’s fastest growing region globally with strong double digit growth.
Source: Business Wire India