28 January 2013

SABIC to launch new technology centers in Bangalore and Shanghai

- Strategic investment of around US$0.5 billion in four new centers
Bangalore research center scheduled to open in second quarter of 2013
- Shanghai center will open in the third quarter of 2013

28 January 2013 - Saudi Basic Industries Corporation (SABIC) will launch four new state-of-the-art technology and innovation facilities in 2013, two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities around the world to 18. 

The four new centers represent a strategic investment of around half a billion US dollars to continuously improve technology, applications and solutions and meet the needs of an increasingly sophisticated marketplace, as well as address a wide variety of sustainability issues. 

Mohamed Al-Mady, SABIC Vice Chairman and CEO, said that by continuing to invest in technology and innovation, SABIC is driving ingenuity forward to meet specific needs of customers as well as society. “These four new facilities will further empower our global technology and innovation centers to build on their innovative systems to develop new technologies, improve manufacturing processes, and contribute to a sustainable environment for our communities.” 

The two centers in Saudi Arabia are the Corporate Research & Innovation Center (CRI) at King Abdullah University of Science and Technology (KAUST) in Thuwal, near Jeddah, and the other, the SABIC Plastic Applications Development Center (SPADC) in Riyadh Techno Valley at King Saud University (KSU) in Riyadh. 

The Bangalore research center is scheduled to open in the second quarter of 2013. It will deal with application development, strategic business research and corporate research and will focus primarily on diverse areas of research in chemistry, material science, process engineering, analytical and application technology. Its aim is to support business as a strategic center of excellence to cater to global and regional needs 

The center in Shanghai will open in the third quarter of 2013. It will deal with application development, strategic business research and corporate research. It will focus on fundamental and applied research in support of SABIC’s Strategic Business Units as well as the company’s Technology and Innovation unit’s corporate projects. 

Bangalore and Shanghai centers, which will host around 500 professionals, are an indication of SABIC’s commitment to be the technology partner of choice for Asian partners as well as the employer of choice for the best talent from the region,” Occhiello said. 

Source: SABIC