SABIC today announced that it is merging its technology and innovation operations from its Pittsfield, MA, Exton, PA and Selkirk, NY locations. The consolidation of this combined research and development expertise will take place as soon as the necessary modifications to Selkirk facilities are completed, which is estimated in 2017. At that time, SABIC will exit its Pittsfield Polymer Processing Development Center (PPDC) and close its Exton site.
“This integration will not only drive important efficiencies, it will also merge material science, process engineering and application development into a collaborative environment that will lead to new innovation breakthroughs,” said Awadh Al-Maker, executive vice president, SABIC Technology & Innovation.
SABIC’s specialties portfolio offers a broad range of solutions beyond engineering thermoplastic resins and compounds, such as composites, functional surfaces and substrates, additive manufacturing solutions, part design, finished parts and materials processing expertise. SABIC’s innovation roadmap is driven by deep intelligence in industries such as mass transportation, healthcare, displays and electronics, and architectural specialties, where key insights help SABIC effectively anticipate customers’ future needs.
“A collaborative R&D environment will result in a wide variety of problem-solving options for our customers and will accelerate our development cycle,” said Thierry Materne, vice president, Technology & Innovation.
Saudi Basic Industries Corporation (SABIC) ranks as the world’s third largest diversified chemical company. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and agri-nutrients.
SABIC recorded a net profit of SR 23.3 billion (US$ 6.2 billion) in 2014. Sales revenues for 2014 totaled SR 188.1 billion (US$ 50.2 billion). Total assets stood at SR 340 billion (US$ 90.7 billion) at the end of 2014.
SABIC’s businesses are grouped into Chemicals, Polymers, Agri-Nutrients, Metals and Innovative Plastics. It has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia. The company operates in more than 50 countries across the world with around 40,000 employees worldwide.
SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.