Welcome
Arabian American Development Company (NASDAQ:ARSD) was organized as a Delaware corportaion in 1967. The Company’s principal business activities include manufacturing various petrochemical products and developing mineral properties in Saudia Arabia and the United States. The specialty petrochemical entity, South Hampton Resources, Inc. ("SHR"), owns and operates a 97 acre facility located in southeast Texas and is a leading provider of specialty petrochemicals. The Company’s products are sold exclusively as intermediate components to manufacturers competing in various markets such as expandable polystyrene (styrofoam), polyethylene, adhesives, building foams, synthetic rubber and food processing. SHR is the vendor of choice for the industry, providing unrivaled consistency in terms of product quality and superior levels of service. SHR commands approximately 60% of the North American market share for C5 solvents (expanding agents). These products replace HCFCs or CFCs in expandable polystyrene products (styrofoam) and polyisocyanate foam, which are used in a myriad of applications such as drink cups, food packaging trays, electronics packaging, ice chest insulation, building insulation board, and other products utilizing packaging and insulating foam components. The Company is also a leader in the production of C6 solvents, which are typically used in adhesives, synthetic rubbers, and as catalyst carrying agents.. The remaining revenue is derived from byproducts sold to other feedstock processors and revenue from fee-based processing of customer’s feedstock to their unique specifications. ARSD’s mining interests include the ownership and rights for the Al Masane mine in Saudi Arabia that when put into production is expected to produce significant quantities of copper, zinc, gold, and silver. ARSD also owns approximately 55% of the capital stock of a Nevada mining company, Pioche-Ely Valley Mines, Inc. which is currently inoperable.