Saudi Arabia's SABIC begins building Shanghai technology centre

06 April 2012 12:18  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Arabia’s SABIC has begun building its new $100m (€77m) technology centre at Shanghai in China, and it is scheduled to be completed in 2013, the chemicals major said on Friday.

The 60,000 square metre facility will house a team of over 200 scientists and engineers who will work on advanced engineering plastics materials that can be used in a broad array of industries, the company said.

“A cornerstone of sustainable development in China’s next phase of growth is the ability of local industries to become innovation powerhouses on the global stage,” said Ernesto Occhiello, SABIC’s executive vice president of technology and innovation.

The new technology centre will also feature an automotive “innovation hub” to drive next-generation materials solutions, it said.

SABIC’s vice chairman and CEO, Mohamed al-Mady, said the company was demonstrating its commitment to the “design and creation of next-generation energy-efficient vehicles in collaboration with local partners and customers”.

($1 = €0.77)

By: Nurluqman Suratman

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