Bahrain welcomes high-level Middle East Chemical Week next month
The global challenges facing the Gulf fertilizer and petrochemical industries will be discussed during the annual Middle East Chemical Week in Bahrain from 10-13 October. The event enjoys top government support in the region, including that of the host country, and brings together the cream of the industries' fertilizer, petrochemical,
and chemical producers, NOCs, IOCs, governments, investors, technology and service providers.
Key issues in industries to be addressed
Bahrain's minister of Oil and Gas Affairs and chairman of the National Oil and Gas
Authority (NOGA), H.E. Dr. Abdul Hussain bin Ali Mirza, says it is an honour for the Kingdom to host the Middle East Chemical Week, which he describes as the only event of its kind in the region. It consists of two streams: the 3rd Annual Middle East Fertilizer Symposium and 5th Annual Petchem Arabia Conference. H.E. Dr. Mirza continues: "Key issues to be addressed include opportunities to enter new markets, feedstock availability, finance challenges and human resource strategies. The Middle East Chemical Week will serve as a platform to build new relationships with investors, potential partners, clients and suppliers." The Kingdom of Saudi Arabia has also given the event its official support as a sponsor.
McBride Group: private label shows significant growth potential
Thibaut Eissautier, Member of the Group Executive Board and Chief Procurement Officer, McBride Group is one of many elite industry speakers at the Middle East Chemical Week. McBride is the leading supplier of private label household and personal care products. It supplies over 90% of Europe's leading retailers with household and personal care products, has its own portfolio of brands, and contract manufactures end user products.
Thibaut Eissautier says the private label market has experienced sizeable growth over the past decades, going from 25% of all UK packaged groceries in the early 1980s to 35% in the early 1990s, and reaching 42% in 2009. "Across the world", he continues, "private label represents 5% of the household market in North America, 6% in Australasia, 2% in Eastern Europe, 1% in the Middle East and Africa, but over 15% in Western Europe. In personal care, private label shares in each geography is roughly half those of household."
According to the McBride Group CPO, it would be legitimate to expect the shares of private label around the world to reach that of Western Europe over time, and for personal care to reach those of household. He says: "if one sees furthermore that private label represents 46% of the packaged groceries market in such a quality-conscious country as Switzerland, then the growth potential of private label for petrochemical and chemical producers should be significant."
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