Saudi Basic Industries Corporation (SABIC) Today, we reaffirmed our commitment to expanding its presence in Asia through two new technologies and technology investments. The China-India Innovation Center and a new production project for polycarbonate (PC) in China.

SABIC Chairman Prince Saud bin Abdullah bin Tenayan Al Saud said in Guangzhou City, Guangdong Province: "These new investments reflect SABIC's In addition to these investments, expansion into Asia, SABIC will continue to work to expand its presence in Asia. Enhancing assets, expanding its Asian offices, exploring additional opportunities and seeking new partners The Prince is currently traveling to China for a series of high-level meetings with private and public sector officials and to support SABIC's participation in the 2011 International Rubber and Plastics Exhibition

Asia is SABIC in the fastest growing region, achieving strong double-digit growth. Since 1985. Since its inception, Asia has been the most important growth engine for SABIC worldwide

"Our strong presence in Asia reflects our ambition to become a significant regional supplier of petrochemicals. As part of our growth plans, expansion of a range of SABIC's infrastructure including offices, manufacturing, technology and centers has begun. We have 20,000 employees in 133 locations across 20,000 key markets," said Mohame Al-Mady, SABIC's Vice Chairman and Chief Executive Officer. Held in conjunction with Chinaplas 2011.Commitment to local partners

An important milestone for the new investment is the signing of a Memorandum of Understanding (MOU) with Sinopec to co-produce 260 kilograms of PCs per year in China.The new polycarbonate production plant will be located at Sinopec SABIC Tianjin Petrochemical Company (SSTPC) in Tianjin, China, and is scheduled to start production in 2015.

The MOU further strengthens the partnership between SABIC and Sinopec. SSTPC was established in October 2009 by Sinopec. SSTPC has been fully operational since 2010 and produces important petrochemical products for customers in various industries in China.

TI and Business Expansion

SABIC has strengthened its presence in the region through two strategic Technology and Innovation (TI) centers in China and India.

TI's center in Shanghai, China will have a footprint of 60,000 New Greater China Regional Headquarters square meters (RHQ). The center will oversee regional operations, sales and marketing, and lead the research and development of new and innovative petrochemical products in Asia.TI's 187,000 square meter TI Center in Bangalore focuses on research in a variety of areas. Both centers are scheduled to operate through 2013.Demonstrating a Culture of Innovation at Chinaplas

Did SABIC's theme of "Culture of Innovation" at Chinaplass 2011 catch your company's attention? Is SABIC keen to further develop and deepen its relationships with customers and partners by focusing on new and innovative technologies that are sustainable?Key new products and applications on display at the SABIC Chinaplas booth (Booth 10.2E21) include:

The new Range Rover Evoque? The lightest, smallest and most fuel-efficient Range Rover to date uses SABICC lightweight, environmentally friendly materials to make the Range Rover Sport 35% lighter and reduce CO2 emissions compared to Land Rover 2010.It covers around 55 applications in industries such as infrastructure, construction, housing, films and packaging, automotive and transportation, and textiles and weaving.

SABIC also announced a number of new products today. These products further reaffirm SABIC's commitment to providing customers with innovative and environmentally sustainable materials. Some of these announcements include:

Adding PC Resin to Innovative Plastics? A variety of PCPC? products are now available. New clear PC resins are used in bulk extrusion, custom compounding, general purpose and optical quality applications.

The industry for Laser Direct Structuring (LDS) New custom-colored LNP Thermocomp thermoplastic composites save space, reduce weight, and provide more design options for mobile devices. LDS It is a complex process of integrating electronic and mechanical functions into a single module, such as a cell phone or laptop antenna.

Low Density Polyethylene and Linear Low Density Polyethylene (LD/LLDPE) Pioneering concepts offer a new way to utilize SABIC's approach World-class polyolefin portfolio.

SABIC LDPE UMS pushes the boundaries of performance, cost-effectiveness and sustainability in PE foam applications.