The Baalbaki family has been active in industry, trade, and agriculture since the late 1800s.
The familys historical core businesses were in commodity trading and textiles with a geographic focus on the Middle East. In 1958 the family was among the pioneers to offer its textiles business to the public in an initial public offering. In the late 1950s the family established under license from Linde A.G. and Mauser gmbh one of the first factories in the Middle East producing domestic refrigerators, gas ovens and steel furniture.
After the nationalizations in the Arab World in the early 1960s, Dr Ihsan Baalbaki set up Baalbaki Groups headquarters in Beirut, Lebanon and established Linde Middle East in partnership with Linde A.G. Germany.
The Group's activities in Polyurethanes started in the late 1970's through the promotion of polyurethane systems as insulation material to manufacturers of domestic refrigerators in the Middle East. In the early 1980s the Group developed spray foam technologies and was awarded the contract to insulate Queen Alia International Airport in Amman, Jordan.
Since the early 1990s Polyurethane has been among the Groups core businesses. Today, BCI is a regional leader in the production and supply of polyester polyols, polyurethane systems and specialty adhesives and is a globally recognized name in the polyurethane industry.
The Group has been the recipient of several prestigious awards including, among others, the Queen Elizabeth Award for Export, the Norwegian Export Council Award, and the LUnite Hermetique Golden Medal Award. In 2012, the Group was recognized by Forbes Magazine as one of the top 50 companies in the Middle East making an impact.