Sabic commits $500 million to technology centers in India and China

By Satnam Singh
Correspondent

Published: November 29, 2013 5:01 pm ET
Updated: November 29, 2013 5:04 pm ET

Image By: Saudi Basic Industries Corp. Sabic technology center in Bengaluru, India.

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Saudi Basic Industries Corp./Sabic

Saudi Basic Industries Corp. is boosting its research and development efforts in two rapidly expanding markets, with new technology centers in India and China.

Riyadh, Saudi Arabia-based Sabic opened an 187,000-square-meter technical center in the south Indian city of Bengaluru on Nov. 29. In a few days it will open another center in China.

The company invested $100 million in the Bengaluru, and said it plans to hire more than 300 scientists at the facility.

"The center would carry out cutting-edge research into new platforms for next-generation materials across industry sectors including construction, clean energy, electrics and electronics, medical devices, transportation. STC would also initiate work on designing greener building materials to reduce environmental footprints and developing eco-friendly products in response to global megatrends and needs." said Mohamed Al-Mady, vice chairman and CEO.

Sabic has committed an additional $500 million investment over five years into both Asian technology centers. It also plans to triple its R&D headcount in Asia by 2025.

Sabic already has two R&D facilities in Asia, in Moka, Japan, and in Sungnam, South Korea. With the two new centers, Sabic has 17 technology and innovation facilities globally, including centers in Saudi Arabia, the United States, the Netherlands and Spain.


Comments

Sabic commits $500 million to technology centers in India and China

By Satnam Singh
Correspondent

Published: November 29, 2013 5:01 pm ET
Updated: November 29, 2013 5:04 pm ET

Post Your Comments


Back to story


More stories

Image

Asahi Kasei breaks ground on Alabama compounding plant

September 29, 2014 5:39 pm ET

Asahi Kasei Plastics North America will be able to solve two problems at once with a new compounding plant in Athens, Ala.    More

Image

DuPont shifting Teflon production in China

September 29, 2014 2:35 pm ET

DuPont Co. will spend more than $15 million to improve its fluoropolymer product offerings in China.    More

Image

Sale of PVC maker Oltchim still in limbo

September 29, 2014 10:25 am ET

Fresh attempts to privatize insolvent Romanian PVC producer Oltchim SA have met with new obstacles as the European Union questioned the Romanian...    More

Image

LyondellBasell considering another ethylene expansion

September 25, 2014 1:30 pm ET

Materials giant LyondellBasell Industries — with three ethylene expansions already on the board — is contemplating a fourth.    More

Image

PE, PVC prices rise, PS on the decline

September 24, 2014 4:16 pm ET

North American commodity resin prices bounced around in September, with regional polyethylene and PVC prices increasing while prices for solid polysty...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events