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    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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Saudi Basic Industries : SABIC's New NORYL GTX™ Resin Features Superior Dimensional Stability in Hot and Humid Conditions for Auto Applications

09/13/2021 | 11:22am EDT

SABIC, a global leader in the chemical industry, has introduced NORYL GTX™ 9500 resin, a new addition to a range of unfilled NORYL GTX™ resin grades, which delivers excellent dimensional stability under hot and humid conditions, addressing the challenge for highly demanding automotive applications.

SABIC's NORYL GTX 9500 resin retains a better balance of mechanical properties when exposed to heat and humidity typical of automotive under-hood environments, than polyamide (PA) resins (PA66 and PA6), as well as comparable high flow and high-temperature performance. Its dimensional stability and mechanical property retention under a wider range of temperatures and humidity - together with high flow performance - can open opportunities for thin-wall designs that reduce weight. Target applications for NORYL GTX 9500 resins include vehicle junction boxes, connectors and other applications requiring dimensional stability. These materials also demonstrate a potential for use as the base resin in carbon fiber-reinforced thermoplastic composites used in structural and body components, and for applications in the industrial, aerospace and marine markets.

'Our global development teams excel in formulating thermoplastics with targeted properties that resolve longstanding customer challenges such as the propensity of nylon to soften under exposure to moisture,' said Darpan Parikh, global product management Leader, Resins & Compounds, SABIC's Specialties business.

'We designed NORYL GTX 9500 resin to give our customers innovative new material options for applications that must retain their shape and performance in hot, humid environments. The launch of this new grade demonstrates our leadership in materials innovation and our focus on continuously improving and expanding our portfolio,' added Shinsuke Nakamoto, senior business manager, NORYL Portfolio, Asia Pacific, SABIC's Specialties business.

Standing up to Heat and Humidity

The strong tendency of PA resins to absorb moisture and water, which is exacerbated by elevated temperatures, may cause softening, loss of stiffness and warpage. NORYL GTX 9500 resin offers significantly lower water and moisture uptake than PA, even under high heat conditions, up to 150 degrees Celsius. In fact, SABIC testing demonstrated that NORYL GTX 9500 resin absorbed 21 percent less moisture at equilibrium than PA66, and 58 percent less than PA6.

With moisture absorption at equilibrium, SABIC's NORYL GTX 9500 material surpassed PA in dimensional stability. NORYL GTX 9500 resin had a total dimensional change (flow direction and crossflow direction) at equilibrium of 0.29 percent, while PA66 has a total change of 84% and PA6 had a total change of 165% higher than NORYL GTX 9500 resin. This improved dimensional stability offers benefits for moisture-sensitive applications, including reducing warpage to minimize scrap rates and enabling designs with thinner walls to support light-weighting.

NORYL GTX 9500 resin also demonstrates exceptional retention of mechanical properties - flexural modulus, tensile modulus and flexural strength - under wet conditions compared to PA66 and PA6. Furthermore, this material surpasses incumbent NORYL GTX grades based on PA in terms of water and moisture uptake, dimensional stability and property retention.

SABIC's new NORYL GTX 9500 resin is available globally.

Disclaimer

SABIC - Saudi Basic Industries Corporation SJSC published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2021 15:21:02 UTC.


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Financials
Sales 2021 160 B 42 605 M 42 605 M
Net income 2021 21 108 M 5 628 M 5 628 M
Net cash 2021 3 207 M 855 M 855 M
P/E ratio 2021 18,5x
Yield 2021 2,65%
Capitalization 401 B 107 B 107 B
EV / Sales 2021 2,49x
EV / Sales 2022 2,45x
Nbr of Employees 35 000
Free-Float 22,4%
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Saudi Basic Industries Corporation Technical Analysis Chart | 2010 | SA0007879121 | MarketScreener
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Mean consensus HOLD
Number of Analysts 11
Last Close Price 133,60 SAR
Average target price 114,96 SAR
Spread / Average Target -13,9%
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Managers and Directors
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director
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