SABIC announced a US$100 million investment to build a 60,000 m2 new Technology Center in Kangqiao, east of Shanghai, China.
The center will house some 400 employees who will relocate to this new facility when completed in 2013. 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. The global certification standard provides industry verification that the facility has been designed and built to achieve high performance in key areas such as: sustainable site development water savings, energy efficiency, materials selection and indoor environmental quality.
- Saudi Basic Industries Corporation (SABIC), Riyadh, Saudi Arabia