SABIC unit eyes new plant in China in 2013

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Mohamed Al-Mady, Sabic vice chairman and CEO

Mohamed Al-Mady, Sabic vice chairman and CEO

A unit of Saudi Basic Industries Corporation (SABIC), the world's largest chemicals producer, has announced plans to establish an engineering thermoplastics plant in China.

SABIC's Innovative Plastics business has signed an agreement with Chongqing Xiyong Micro-electronics Industrial Park, and the Chongqing Economic and Informatisation Commission, it said in a statement.

The move supports the Chinese government's plan to expand into the country's western region and reinforces SABIC's commitment to build on its overseas interests.

The Chongqing plan is SABIC's third Chinese engineering thermoplastics investment this year.

Earlier announcements include an agreement with Sinopec to collaborate on polycarbonate production in China.

The Saudi giant is also investing in new production lines for SABIC's Lexan polycarbonate resins and films in both Shanghai and Nansha in 2012.

Charlie Crew, executive vice president, SABIC and head of SABIC's Innovative Plastics business, said: "We are in China, for China. In the more than 30 years we've operated in this region, we've cultivated long-term customer relationships that have helped make SABIC the first supplier many of the world's leading OEMs call when designing their customers' innovations."

The new compounding plant, which is expected to be online in 2013, will produce several of SABIC's polycarbonate, polycarbonate blends and other engineering thermoplastics for southwest China customers.

SABIC in Asia has 41 offices, nine manufacturing sites and five technology and innovation centres across 12 key Asian countries.

Related:

Market Performance

Saudi Basic Industries Corporation
128.5
-0.33 -0.26 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Playing the name game in Dubai

Playing the name game in Dubai

The long list of celebrity-endorsed real estate developments...

Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Most Discussed
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer
  • 2
    European court backs French ban on full-faced veil

    well said John Harte, it is the total opposition to freedom of expression, it degrades and dehumanizes women into objects that need to be wrapped up and... more

    Friday, 22 August 2014 6:38 PM - Polly Nicoll
  • 23
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 17
    UK looks to close tax loophole on expat landlords

    UK taxes too much and too complicated and time taking and confusing and continuous. Returns, lawyers, HMRC, taxes too much for too little. Not worth the... more

    Sunday, 17 August 2014 12:40 PM - AbdolRahman
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer