SABIC, a chemical manufacturing company in Saudi Arabia, and Fujian government have signed a potential investment agreement for establishing an engineering thermoplastics compounding plant in Fujian Province, China.
Sami Al-Osaimi, SABIC Executive Vice President for Polymers, and Ma Changjian, Fujian Zhangzhou Gulei Port Economic Development Zone Administration Committee Deputy Director signed the agreement. Many dignitaries including Zhou Zuyi, Fujian Province Party Secretary and Al-Fageeh, SABIC CEO attended the signing ceremony held at the Ministry of Energy in Riyadh.
The aim of this initiative is to produce pelletized LEXAN™ Polycarbonate (PC) and CYCOLOY™ PC/ABS blends. These materials are tailored to the needs of industries including electrical and consumer electronics, automotive, and emerging sectors such as solar energy, electrification, and 5G.
Abdulrahman Al-Fageeh CEO – SABIC
“This investment agreement marks another significant milestone for SABIC’s growth in China and reflects our continued confidence in investing in the country. By creating synergy with upstream and downstream partners, the project aims to strengthen our supply capability in compounding products and serve this important strategic market with innovative and consistently high-quality material solutions. Building on this, we will continue to collaborate with our existing global and local partners and customers to grow together in China.”
SABIS’s investment agreement highlights its dedication to offering innovative solutions to local customers in China, while also strengthening its presence in the Chinese market and contributing to the sustainable development of the chemical industry.
The site will include compounding lines, color development capabilities and cutting-edge equipment, enabling SABIC to collaborate with its customers as well as partners to develop innovative solutions for engineering plastics. SABIC also operates a SABIC Technology Center in Shanghai and compounding plants in Guangzhou, Shanghai and Chongqing.
In addition to this, SABIC operates in 17 cities across China. The new plant is expected to create synergies with SABIC’s two existing joint ventures – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC) and SABIC FUJIAN Petrochemicals Co. Ltd. (SFPC).
The expansion of SABIC’s footprint in Chine will continue to leverage its manufacturing and supply capabilities while supporting the innovation-driven development for the chemical industry on a global scale.
