1996 News Story
 

12/24/1996
SABIC plans to set up research center in the U.S.

At a meeting of the Board of Directors yesterday Deputy Chairman of the Saudi Basic Industries Corporation (SABIC), Ibrahim Bin Abdullah Bin Salamah, reporting the continuing enhancement of the technological potential of industrial complexes through research and development, disclosed plans to establish a research center in the area of Houston, Texas, in the United States for the purpose of supporting SABIC’s scientific research and strengthening its position in international markets.  He went on to highlight SABIC’s plans to accomplish its targeted goals of saudization, saying more than 65 percent of the manpower in SABIC and its affiliated companies is now Saudi.  In addition, he reported that expansion projects now being carried out are aimed at increasing production capacities and adding new products.


 Chairman Dr. Hashem Abdullah Yamani, Minister of Industry and Electricity, in his address to the meeting praised the upgrading of SABIC’s production and marketing operations and said its complexes manufactured 19 million tons of products in the first ten months of 1996, registering an increase of 780,000 tons over the same period last year.  He also praised the progress of SABIC in the spheres of construction, agriculture, and industrial development programs, saying the sale of SABIC products to local factories totaled 995,000 tons, an increase of 32 percent over the same period last year.

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