SABIC seeks global leadership in polyurethane

By IBRAHIM AL-GHAMDI | ARAB NEWS STAFF  JUBAIL: The Saudi Basic Industries Corporation (SABIC) has signed a TDI and MDI technology license agreement with Mitsui Chemicals, Inc., in keeping with the company’s strategic plan to be a global leader in polyurethane and serve its customers with value-added services, solutions and products. SABIC Vice Chairman and CEO Mohamed Al-Mady and Mitsui Chemicals President  and CEO Toshikazu Tanaka shake hands at the signing ceremony in Riyadh. (AN photo) Under the agreement, Mitsui will provide manufacturing technology for producing TDI and MDI, which are both raw materials for producing polyurethane. The agreement also provides for joint technology development in TDI/MDI. The agreement was signed by Mohamed Al-Mady, SABIC vice chairman and CEO, and Toshikazu Tanaka, Mitsui Chemicals president and CEO, at SABIC’s headquarters in Riyadh. Expressing strong optimism over the agreement, Al-Mady said that it would spearhead a strategic collaboration between the two companies to explore future possibilities to collaborate in the polyurethane (PU) business. “The agreement will spur our strategic business plan to penetrate the global polyurethane market as well as power the ambition and competitive advantage of our customers for the long term,” he said. “It will also enable a fast development of PU application industries in Saudi Arabia, especially with regards to thermal insulation which will contribute to employment creation as well as energy savings.” ... .. read more: http://arabnews.com/economy/article581032.ece (ldtn) The advantages of polyurethane include strength and flexibilit, application  versatility, variable rigidity/firmness, and high performance. Bản tin được trích

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