Methanol Chemicals Co.
TTADAWUL:200121.33
SAR
-1.27
(-5.62%)
ISIN
SA124060V8H1
Return %
Stock
S&P 500
1Y
-51.79
14.20
3Y
-75.03
81.12
5Y
-87.73
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Awadh Fahad Al-Waridah
- Full Time Employees
- 485
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- Al Jubail Industrial City Jubail Eastern Province Saudi Arabia 31951
- IPO Date
- Aug 11, 2008
- Website
- chemanol.com
- Similar Companies
- Business
- Methanol Chemicals Company (Chemanol) is a Saudi Arabia-based chemical manufacturer specializing in producing premium-grade methanol derivatives and chemical products. Its core products include methanol; aqueous and urea formaldehydes; superplasticizers in powder and liquid forms; amino resins; hexamethylene tetramine; paraformaldehyde; dimethyl formamide; mono-, di-, and tri-methylamines; pentaerythritol; and sodium formate. These products serve diverse industries such as agriculture, automotive, pharmaceuticals, construction, textiles, coatings, lubricants, and water treatment. Chemanol operates with a significant production capacity, exporting over 26 product grades to more than 50 countries worldwide, leveraging its strategic location in Al Jubail Industrial City. Founded in 2004 and headquartered in Al Jubail, Saudi Arabia, the company targets global chemical markets with a focus on innovation and quality. Recent major developments include Chemanol’s strategic acquisitions and expansions to diversify its product portfolio and increase market presence. In 2023 and 2024, the company completed the acquisition of 80% of Global Company for Chemical Industries Ltd. and 84% of Addar Chemicals Co., strengthening its footprint in the Saudi chemical industry and enabling it to enhance production capabilities. Additionally, Chemanol entered into several technical and supply agreements, including licensing for methyl diethanolamine projects and partnerships with Sadara Chemical for ethylene oxide supply. Operationally, Chemanol restructured its capital in 2020 with a significant capital reduction to offset accumulated losses and maintain financial stability. The company continues to pursue strategic growth through acquisitions, partnerships, and product development to enhance its competitive position in methanol and chemical derivative markets. Chemanol’s product range is highly customized to meet client-specific requirements, establishing it as a key player in multiple industrial sectors such as chemicals, oil and gas, electronics, pharmaceuticals, and construction across the Middle East and international markets. Its strategic expansions underpin a business model focused on innovation, sustainability, and value creation in the chemicals sector. The company remains listed on the Saudi Stock Exchange (Ticker: 2001.SR), reflecting its importance in the regional chemical manufacturing landscape. This comprehensive product portfolio and recent acquisitions mark Methanol Chemicals Company as an evolving leader in methanol derivatives and specialty chemicals with growing international reach and operational scale.