Saudi Basic Industries Corp. (SABIC) will launch four new technology and innovation facilities in 2013, with two in Saudi Arabia and one each in India and China, the company said on Monday.
This brings the total number of the company's research facilities around the world to 18.
The four new centers represent a strategic investment of around $500 million 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, according to company officials.
Mohamed Al-Mady, chief executive of SABIC, 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, he said.
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.
Ernesto Occhiello, SABIC executive vice president for technology and innovation, said the CRI, scheduled for an April opening, will seek to exchange experience and knowledge between the researchers at SABIC and KAUST, opening access to new technical competencies, blending academia with industry, tapping into new inventions made by academia, sourcing top talent and fresh ideas, and developing a community of excellence in upstream research.
The SPADC, set to open in the second quarter of the year, aims to develop new applications and products that support SABICs business growth. Located adjacent to the Saudi Arabias largest university, King Saud University, it will enable SABIC to build closer links between academia and the industrial research community, Occhiello said.
The center will enable Saudi Arabia to enter advanced industrial fields, and support the National Industrial Clusters Development Program to develop industries such as packaging, automotive and machinery. It will help develop new plastics applications and extend technical support to local and international customers in various fields, including polymers, elastomers and specialty products.
These new centers in Saudi Arabia are already creating around 150 professional jobs, and are a part of our plans to significantly boost research and technology in Saudi Arabia, Occhiello said.
Meanwhile, 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 research in chemistry, material science, process engineering, analytical and application technology.
Its goal is to support business as a strategic center of excellence to cater to global and regional needs, according to company officials.
Finally, 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.
The Bangalore and Shanghai centers, which will host around 500 professionals, are an indication of SABICs 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.