MOSCOW (MRC) -- Saudi Arabia-based Sabic has officially opened the company’s state-of-the-art SABIC Technology Center (STC) in Shanghai, China in a ceremony which marks another significant milestone for SABIC in China, as per the company's press release.
The center, built with an initial investment of USD 100 million, is one of 17 SABIC global R&D centers of excellence.
The 60,000 sqm state-of-the-art complex houses close to 500 employees including 170 application development and materials technologists. In addition, it also serves as the new Greater China head office for all Shanghai-based employees including R&D and supporting functions.
"SABIC is a company grounded in developing material solutions and has innovation, ingenuity and collaboration at its core, helping us to achieve a deeper understanding of our customers and their business. SABIC is committed to being an inclusive growth partner in the markets we operate in," said Mohamed Al-Mady, Vice Chairman and CEO, SABIC.
The new STC in Shanghai will be leading the development for portable consumer electronics, working closely with OEMs across the globe. It will also focus on developing next-generation innovative technologies and solutions to help the company's customers address some of the most pressing issues in China and the region across major industry sectors including construction, clean energy, electrics and electronics, medical devices, transportation. The overall R&D focus at the STC in Shanghai will be on meeting the needs of our customers in the Greater China and North East Asia.
The center significantly enhance SABIC’s R&D footprint in Asia, building on the existing infrastructure of its application centers - one in Moka, Japan, and the other in Sungnam, South Korea.
As MRC wrote previously, last Friday, SABIC opened its new USD100 million technology center in Bengaluru, India. The technology center will house 300 scientists, whose roles are to carry out research into new platforms for next-generation materials across industry sectors such as construction, clean energy, electronics, medical devices and transportation.
Sabic is ranked among the world's largest petrochemicals manufacturers. It is the largest public company in Saudi Arabia. The comany manufactures chemicals and intermediates, industrial polymers, fertilizers and metals. It is currently the second largest global ethylene glycol producer, the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer and the fourth largest polypropylene manufacturer. Among its products are propylene, paraxylene, styrene, vinyl chloride monomer.