SABIC Opens USD 170 Million Resin Manufacturing Facility in Singapore

Jan 2025

Saudi Basic Industries Corporation (SABIC), a Saudi petrochemical major, has officially opened a new SGD 220 million (USD 170 million) resin manufacturing facility in Singapore. This advanced facility marks SABIC’s second production site in Singapore and is designed to manufacture high-strength ULTEM resin, which is utilized across various industries, including aerospace, medical devices, and electric vehicles. The new plant is expected to increase SABIC’s global ULTEM production capacity by over 50%, addressing the rising demand for high-performance materials in the Asia-Pacific region.

The facility will not only enhance SABIC’s manufacturing capabilities but also contribute to local employment, with plans to expand the workforce beyond the current 300 employees. This expansion aligns with Singapore’s strategic goals of becoming a hub for high-tech manufacturing and advanced materials. The opening ceremony was attended by key officials, including representatives from the Singapore Economic Development Board (EDB), highlighting the importance of this investment in supporting Singapore’s chemicals sector and its broader economic objectives.

By establishing this facility, SABIC reinforces its commitment to the Asia-Pacific market and aims to leverage Singapore’s extensive trade agreements to enhance its competitive edge in the region. The new plant will play a crucial role in meeting the growing needs of high-tech industries while contributing to local talent development through knowledge transfer and skill-building initiatives. This investment is part of SABIC’s broader strategy to strengthen its presence in key markets and support sustainable growth across various sectors.

(Source: The Straits Times)

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