SABIC expands investments in manufacturing technologies

Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of SABIC and the Royal Commission for Jubail and Yanbu, inaugurated the 11th SABIC Technical Meeting (STM-11)at the King Abdullah bin Abdulaziz Cultural Center in Jubail in the presence of Mohamed Al-Mady, SABIC vice chairman and CEO, and a diverse mix of global participants.
Being held under the theme, “Commitment to Reliability & Sustainability,” STM- 11 marks the 20th year of the STM series.
The event has brought together an impressive lineup of local and global CEOs, heads of manufacturing companies, scientists, researchers, chemists, engineers and technical experts to share their experiences and further build on their capabilities.
After the opening ceremony, Prince Saud inaugurated an eagerly awaited exhibition held as part of the STM-11.
A record 232 exhibitors from 45 countries are taking part in the exhibition.
The exhibition covers an area of about 36,000 square meters — the size of nearly all the last six STM exhibitions put together.
In his speech, Prince Saud said that Research and Development, together with Technology and Innovation, have not only become an essential element in SABIC’s culture, but also a common culture among the Kingdom’s agencies that are concerned with planning.
This culture plays a major role in drawing the future path of industrial advancement in the Kingdom. "The government’s industrialization strategy, so important to the Kingdom’s future, requires that we become more innovative, more creative and achieve highly technological solutions for our nation and the world. And that is why SABIC is so important as a major partner in the Kingdom’s strategy," he said.
In his opening remarks, Al-Mady stressed that SABIC’s strategy is to increase the positive impact it is already having on its stakeholders across the value chain by distributing higher levels of direct and indirect economic value.
“We will do this by continuing to make capital investments in manufacturing technologies that reduce our impact on the environment and enhance our short and long term economic viability; invest in innovation and sustainable solutions to differentiate our products; diversify our product offerings; and improve the relationships we have with our customers across various market segments," he said.