Saudi firm Sabic opens Rs 624-cr technology centre in Bangalore

摘要

SABIC, a Saudi Arabian company that manufactures fertilisers, polymers and raw materials used in polyester fibres, has Opened a technology centrein Bangalore. The Riyadh-headquartered company has invested $100 million (Rs 624 crore) in the centre and plansto double its headcount in the next few years. The Bangalore development centre currently has around 300 researchers, engineers and other staff. Sabic plans to invest $500-rnillion over five years in India and its China centre, which it plans to open in December.