SABIC Launches $500Mn Plastics Innovation Network
By David Knott
Saudi Basic Industries Corporation (SABIC) announced on 28 January that it will launch four state-of-the-art technology and innovation centers in 2013. Two will be in Saudi Arabia and one each in India and China, bringing its total number of research facilities to 18 worldwide. The company said the four new centers represent a strategic investment of around $500mn.