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The new facility is a strategic move to support Sabics goal of increasing global ULTEM specialty resin production by more than 50%
Sabic, a global diversified chemicals company, today announced the official launch of its new $170 (S$220) million ULTEMresin manufacturing facility in Singapore, marking the companys first advanced specialty chemical manufacturing facility in the region producing the high-performance thermoplastic, ULTEM resin.
The new facility is a strategic move to support Sabics goal of increasing global ULTEM specialty resin production by more than 50%, responding to the growing demand from high-tech and manufacturing industries in the Asia-Pacific region, including Japan and China.
The facility opening was officiated by Low Yen Ling, Senior Minister of State for the Ministry of Trade and Industry (MTI) and Ministry of Culture, Community and Youth (MCCY), Khalid Al-Dabbagh, Chairman of the Board of Directors of Sabic, Abdulrahman Al-Fageeh, Sabic Chief Executive Officer, and Omar Al-Harthi, Deputy Head of Mission, Embassy of the Kingdom of Saudi Arabia in Singapore.
Supported by the Singapore Economic Development Board (EDB), the new Singapore facility reinforces Sabics commitment to localize a reliable supply of high performance materials that support complex and demanding supply chain requirements.
Low Ling, Senior Minister of State for the Ministry of Trade and Industry (MTI) and Ministry of Culture, Community and Youth (MCCY) said, "The opening of Sabics new facility underscores Singapores role as a leading hub in the Energy & Chemicals sector, and positions us to meet the rapidly evolving demands of high-tech industries across Asia."
Al-Fageeh, said, "Were excited to leverage Sabics advanced manufacturing capabilities to produce one of the worlds most advanced plastics in Singapore. The ULTEM resin facility reflects our long-term commitment to the regions high-tech economies and advanced manufacturing sectors, supporting the growth of advanced applications. Singapores widely networked trade agreements also provides us with competitive access to markets in the region."
Lim Len, Executive Vice President, Singapore Economic Development Board said, "The opening of Sabics new ULTEM plant reflects its confidence in Singapore as a hub to capture the growing demand for high-performance specialty chemicals in Asia. We look forward to how the new plants advanced manufacturing capabilities will boost our chemicals sector to meet customers needs in growth areas such as mobility and electronics. We continue to welcome like-minded partners like Sabic to invest in our talent and capabilities here in Singapore, to create cutting edge material solutions for the world." |
