SABIC to invest US$100 mln in new Technology Center in Kangqiao, east of Shanghai

11-Apr-12

Saudi Basic Industries Corp. (SABIC) yesterday announced a US$100 mln investment to build 60,000 sqm new Technology Center in Kangqiao, east of Shanghai. The center will house some 400 employees who will relocate to this new facility when completed next year.In addition to commercial and corporate function staff, there is a Research & Development team of over 200 scientists and engineers who will focus on advanced engineering plastics materials that can be used in a broad array of industries from automotive, personal electronics, IT, alternative energy, building and constructions to infrastructures. A new feature of the center includes the China Automotive Innovation Hub to drive next generation materials solutions. With environmental sustainability in mind, the center will be built with the highest global green standards in line with the guidance by the Leadership in Energy and Environment Design (LEED) Gold Certification.