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SABIC is Strategic Partner for Boao Forum for Asia Annual Conference 2014

Time:2014-01-13 15:23:46    Views:1803961    Origin:Boao Forum for Asia

SABIC is Strategic Partner for Boao Forum for Asia Annual Conference 2014

SABIC strengthened its commitment for Boao Forum for Asia Annual Conference 2014 by elevating its relationship to being an active strategic partner, and continuing the collaboration for the sixth consecutive year. 

The announcement was made at a press conference held on 8 January hosted by Boao Forum for Asia in Beijing, presided by Zhou Wenzhong, Secretary General of Boao Forum for Asia, Yousef Al-Zamel, EVP, Corporate Strategy and Planning, SABIC and Li Lei, Vice President and Region Head, North Asia, SABIC.

 

Speaking at the event, Al-Zamel remarked, “In the 12 years of its existence, the Boao Forum has developed an important and irreplaceable role in the Asian region and in the world. It is place for discussion of overarching, long-term and strategic topics concerning the advancement of regional economic integration in Asia as well as the rest of the world. We are honored and privileged to be a strategic partner for this Boao Forum for Asia Annual Conference 2014. SABIC first partnered with the Boao Forum for Asia in 2009, and our continuing relationship is a testament to our shared success for these many years. We are united in our vision to promote and strengthen economic ties, exchange ideas and enhance cooperation throughout Asia.”

 

He added, “Saudi Arabia as well as SABIC have enjoyed a long economic and cultural relationship with the Asian region. Today, SABIC is a long-term partner in trade, with 41 offices in Asia Pacific and Greater China to serve our customers. We have also established a large manufacturing and research presence in Asia to serve our customers with quality products and continuous improvements in applications and solutions. China today represents the fastest growing market for SABIC globally.  

 

A key success factor in our strategic growth in China is the partnership with Sinopec. SABIC and Sinopec Corp. have been partners in the Greater China region since 2009, with the establishment of SSTPC in Tianjin. Fully operational since 2010, the SSTPC produces approximately 3.2 million tons of various petrochemical materials such as Ethylene, Polyethylene, Ethylene Glycol, Polypropylene, Butadiene, Phenol and Butene-1 to diverse manufacturing customers across China.

 

Furthermore, another significant milestone for SABIC in China was the opening in 2013 of a state-of-the-art technology center in Shanghai, representing an initial investment of US$100 million housing close to 500 employees including 170 application development and materials technologists.”

 

For these reasons and more, we view our relationship with the Boao Forum as an important part of our cultural and economic relationship.”

 

During the conference on 8 -10 April, SABIC will participate in strategic dialogues with heads of state, government officials, and senior business leaders to contribute to discussions on this year’s theme “Asia’s New Future: Identifying New Growth Drivers”.

 

As a company operating in more than 40 countries across the world with 40,000 employees, SABIC has enjoyed successful local partnerships with government, academia, business and industry leaders, and communities and it has joined hands to promote science, technology and innovation in markets and societies where it operates.

 

From electronics to construction, from clean energy to personal care, from medical devices to transportation, SABIC creates 150 new products each year and has a portfolio of 8,000 global patents. In supporting and powering our customers’ long-term goals, SABIC remains focused on providing our customers with better solutions and products and will continue committed to do that in a safe and sustainable way.