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Dishonest behavior from SABIC caused serious losses to partner

Zibo Xinsu Chemical Co.,Ltd is a private enterprise in China, during the cooperation with SABIC, we suffered a great loss because of the dishonest behavior from SABIC. Our company had been developing jointly C-170X Ti-Mg Ziegler-Natta catalyst with SABIC polyethylene catalyst R&D center from September 2010 to February 2015. In the first few years, we had a good time and worked forward to build long-term cooperation with SABIC. In February 2015, SABIC global polyethylene catalyst procurement center unilaterally terminated the cooperation without prior notification, resulting in the loss of raw materials worth 1.3258 million RMB which had been planned to produce 1.5 tons C-170X catalyst for your company. Furthermore, we had purchased and renovated some equipments worth about 3.37 million RMB for manufacturing C-170X catalyst , now we are suffering great economic losses for those idle facilities. As is known to all, SABIC is the world famous enterprise. We always appreciate your business philosophy of credit management, mutual benefits and common development. It is a great honor to cooperate with your company, so we feel very shocked and angry with above unfair dealings! There is order commitment notice before every purchase order, and the cooperation conclusive evidence is exact! A sudden termination of cooperation without any prior consultation seriously broke the trust and friendship! In the past years, I have been repeatedly contacting SABIC global polyethylene catalyst procurement center, asking for solution of the problem. He claimed that SABIC should not bear the liability for breach of contract and should not deserve legal sanction. We believe that the laws of the People's Republic of China are based on facts, even if there are no relevant signed agreements. We have been keeping the confidentiality agreement, mutual communication mails, visit photos, shipping documents, invoices and so on. All these evidences can prove the cooperation behavior to be true between us. Maybe several million yuans is not a big deal for SABIC, but for us, a small enterprise with just an annual output value of 100 million RMB, the loss of millions of yuans is really unbearable! I hope you will pay a great attention to the problem and compensate the loss of your unilateral termination of cooperation as soon as possible.

Liu Yang Zibo Xinsu Chemical Co. Ltd.

Contacts:Liu Yang Telephone：+86-533-7580814

          +8613853307319

E-mail：info@xinsuchem.com — Preceding unsigned comment added by Yueqifang (talk • contribs) 12:46, 21 May 2016 (UTC)[reply]