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

DuPont investing $100 million for more ethylene copolymer capacity

September 16, 2014 1:51 pm ET

Increased packaging demand is leading materials giant DuPont Co. to spend more than $100 million to increase capacity for ethylene copolymers at its...    More

Image

Latvian plastics recycler Nordic Plast boosts capacity

September 16, 2014 10:15 am ET

Latvian plastics waste recycler Nordic Plast Ltd. has invested more than 2.5 million euros ($3.2 million) to expand capacity and modernize production ...    More

Image

Sabic, Chinese Academy of Sciences sign five-year development agreement

September 15, 2014 11:54 am ET

Ties between one of the world's biggest oil producers and one of its biggest consumers grew tighter Sept. 12 with the announcement of a five-year...    More

Image

BASF analyzes products based on sustainability potential

September 15, 2014 11:48 am ET

Chemicals giant BASF SE has created a new process for managing its product portfolio based on sustainability criteria.    More

Image

China's Zhongtai Chemical calls off large-scale PVC project

September 12, 2014 2:16 pm ET

Accepting the gloomy reality of the PVC market, Xinjiang Zhongtai Chemical Co. Ltd. has officially canceled a 800,000-ton PVC resin project and instea...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

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

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

More Events