ExxonMobil Chemical breaks ground on Shanghai centre

08 May 2009 13:15  [Source: ICIS news]

SHANGHAI (ICIS news)--ExxonMobil Chemical has broken ground on a technology centre in Shanghai, China, as part of efforts to further its business growth in the country, the company said on Friday.

“This new centre in Shanghai is an important step towards supporting the tremendous growth we anticipate in sales of our premium products,” said Steve Pryor, president of ExxonMobil Chemical.

“It will expand our ability to deliver innovative solutions to our customers in the region.”

The centre, which will be located at the Shanghai Zizhu Science-Based Industrial Park, would be built and operated by ExxonMobil Asia Pacific Research & Development Co, with an initial investment of $70m (€52.5m).

The centre will consist of laboratories and product demonstration facilities, providing technical service applications and a range of application development capabilities for ExxonMobil’s polymer products and plasticizers, the company said.

The new 27,000m² facility was expected to be operational in 2010 and have an initial employment level of approximately 200 people, the company said.

($1 = €0.75)

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By: Judith Wang
+65 6780 4359



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