Saudi Basic Industries Corporation (SABIC) reiterated Tuesday its commitment to growing its presence in Asia with new investments of two Technology & Innovation Centers in China and India, and a new project to produce polycarbonate (PC) in China. SABIC Chairman, Prince Saud Ibn Abdullah Ibn Thenayan Al-Saud commented from Guangzhou, Guangdong, “These new investments reflect SABIC's dedication to further expand our home market in Asia and highlights the importance we attach to our customers, partners and employees. In addition to these investments, SABIC is constantly improving assets, expanding offices across Asia, exploring other opportunities, and seeking new partnerships.” Prince Saud is currently visiting China for a series of high-level meetings with officials from the private and public sectors and supporting SABIC's participation in Chinaplas 2011. Asia is SABIC's fastest growing region with strong double digit growth since its establishment in 1985 and it has clearly become the most important engines of growth for SABIC globally, according to a report carried by SABIC web-site. “Our strong presence in Asia reflects our ambition to be the preferred petrochemical supplier in this important region. SABIC has embarked on a series of infrastructure expansions as part of our growth plans here. These include our offices, manufacturing and Technology & Innovation operations across 13 key markets, supported by 2,000 employees. Our focus remains on helping our customers create products that would improve the quality of life around the world,” said Mohamed Al-Mady, SABIC Vice Chairman and CEO, at a media conference held alongside Chinaplas 2011.
