SABIC Demonstrates Leadership in Innovative, Lightweight Composites for Automotive Industry

BERGEN OP ZOOM, The Netherlands – September 29, 2008 – SABIC Innovative Plastics and SABIC PP Automotive are introducing SABIC’s expansive, world-class portfolio of lightweight, high-performance thermoplastic composites for automotive applications. These reinforced materials range from LNP* Thermocomp* and LNP Verton* specialty compounds for demanding interior and underhood applications, to the global introduction of SABIC® STAMAX resins for door modules and instrument panel carriers, to the newly introduced AZDEL IXIS® 157 composite for vehicle hoods and roofs. SABIC’s broad portfolio of composites enable the use of technologies such as in-mold decoration for special effects, and heat and cool molding for improved surface finish. The company is a global leader in thermoplastic composites with strong insight into the future needs of the automotive industry.

“High-performance composites, such as our LNP specialty compounds and SABIC® STAMAX resins, are increasingly in demand by automotive designers and OEMs for replacement of steel to reduce costs and weight, increase design freedom, simplify recycling and enhance safety,” said Greg Adams, vice president, SABIC Innovative Plastics, Automotive. “But the diversity of automotive components calls for an equally broad and deep choice of composites – and that is where SABIC Innovative Plastics can help. We have developed a solid portfolio of composites offering many different base resins and loadings to meet the specific requirements of applications from large, horizontal body panels to instrument panels.”

One addition to SABIC Innovative Plastics’ LNP composites offering is a new bio-based material. The company is developing the use of natural, sustainable fibers from the curauá plant and wood shavings for reinforcement. These strong but lightweight fibers can reduce overall composite weight compared with glass fibers, while improving recyclability.

“Today, SABIC’s broad offering of thermoplastic composites is represented for the first time on a global basis,” said Mark Neville, business unit director of SABIC PP Automotive. “The automotive industry is an extremely important market for SABIC as evidenced by our longstanding collaboration with many OEMs. The introduction of SABIC® STAMAX long-glass fiber materials to our global customers will help them by providing lightweight solutions for improved fuel economy. Together with the existing portfolio of products from SABIC Innovative Plastics and IXIS technologies from Azdel, SABIC is helping manufacturers comply with environmental and safety legislation and meet demand for better fuel performance.”

For additional information on glass and carbon fiber-reinforced composites from SABIC Innovative Plastics (www.sabic-ip.com), SABIC PP Automotive (www.sabic.com), and Azdel, Inc. (www.azdel.com) please visit their company websites.

Reader enquiries

SABIC Innovative Plastics
Plasticslaan 1
4600 AC Bergen op Zoom
Netherlands
+31 164 293 148
anne.clement@​sabic-ip.com
www.sabic-ip.com

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Notes for editors

About SABIC Innovative Plastics

SABIC Innovative Plastics is a leading, global supplier of engineering thermoplastics with a 75-year history of breakthrough solutions that solve its customers’ most pressing challenges. Today, SABIC Innovative Plastics is a multi-billion-dollar company with operations in more than 25 countries and over 10,500 employees worldwide. The company continues to lead the plastics industry with customer collaboration and continued investments in new polymer technologies, global application development, process technologies, and environmentally responsible solutions that serve diverse markets such as automotive, electronics, building & construction, transportation, and healthcare. The company’s extensive product portfolio includes thermoplastic resins, coatings, specialty compounds, film, and sheet. SABIC Innovative Plastics (www.sabic-ip.com) is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC), one of the world’s top five petrochemicals manufacturers.

About SABIC Europe

SABIC Europe (Sittard, The Netherlands) is a SABIC subsidiary which includes all SABIC’s polymers and base chemicals activities in Europe and employs around 3,300 people. SABIC has a European sales offices network, logistic hubs and three petrochemical sites in Europe: at Geleen (The Netherlands), Teesside (United Kingdom) and at Gelsenkirchen (Germany). SABIC Europe produces 3 million metric tons per annum of polyolefins* and 5.7 million metric tons of basic chemicals, mainly for the European market.

* including the projected numbers for the SABIC UK Petrochemicals 2008 LDPE plant.

About Azdel, Inc.

Azdel manufactures high performance thermoplastic composites designed for both interior and exterior applications across many different industries. Major segments served include automotive, heavy truck, recreational vehicles, industrial, and other transportation applications. Azdel (www.azdel.com) is a wholly owned subsidiary of Hanwha L&C Corporation, part of the Hanwha Group, a diversified conglomerate with over 20,000 employees and 30 affiliated companies. Hanwha has four key business areas: Chemical, Finance & Securities, Distribution and Leisure & Services.

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* Trademarks of SABIC Innovative Plastics IP BV.

® SABIC is a trademark of SABIC.

® IXIS is a trademark of Azdel, Inc.