SABIC, a global chemicals company, launched its new ULTEM™ resin plant in Singapore, marking a significant step forward in the company’s growth in Asia.
The advanced facility, valued at $170 million, is SABIC’s first specialty chemical manufacturing site in the region. It aims to meet the rising demand for high-performance ULTEM™ resin, a versatile thermoplastic used across high-tech and manufacturing sectors.
Supporting Global Demand
The facility aligns with SABIC’s strategic objective to expand its global ULTEM specialty resin production by over 50%.
This expansion directly addresses the growing needs of high-tech and manufacturing industries in Asia-Pacific. Demand is rapidly increasing, especially in markets like Japan and China.
Strengthening Local Supply Chains
Backed by the Singapore Economic Development Board (EDB), SABIC’s new facility underscores the company’s dedication. It aims to secure a local, reliable supply of high-performance materials.
By enhancing local manufacturing capabilities, SABIC aims to support complex and dynamic supply chains within the region.
Role as a Strategic Hub
Low Yen Ling, Senior Minister of State for the Ministry of Trade and Industry (MTI) and Ministry of Culture, Community and Youth (MCCY) noted, “The opening of SABIC’s new facility underscores Singapore’s role as a gateway to Asia and a leading hub for the chemicals industry.”
Advancing High-Tech Production
SABIC’s CEO, Eng. Abdulrahman Al-Fageeh stated, “We’re excited to leverage SABIC’s advanced manufacturing capabilities to produce one of the world’s most advanced plastics in Singapore. The ULTEM resin facility reflects our long-term commitment to the region’s high-tech economies and advanced manufacturing sectors, supporting the growth of advanced applications.”
He added that Singapore’s extensive trade agreements further enhance SABIC’s competitive edge in reaching regional markets.
Boosting Chemicals Sector
Lim Wey Len, Executive Vice President of the EDB, mentioned, “The opening of SABIC’s new ULTEM plant reflects its confidence in Singapore as a hub. It aims to capture the growing demand for high-performance specialty chemicals in Asia. We continue to welcome like-minded partners like SABIC to invest in our talent and capabilities here in Singapore. This will help create cutting-edge material solutions for the world.”
As mentioned in the press release, SABIC is poised to contribute to the growth of Asia’s advanced manufacturing and high-tech industries with this facility. It will further establish Singapore as a key player in global specialty chemicals production.
