ExxonMobil Chemical Company has confirmed it will build a technology centre in Shanghai, China to provide support for its growing business in the Chinese domestic and wider Asian markets.
“Over the next 10 years, we expect roughly 60% of the world’s petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additions in Fujian, China and Singapore,” said Steve Pryor, president, ExxonMobil Chemical Company.
“The decision to build a technology centre in Shanghai reinforces our long-term commitment to China and the region. The new investment will support our growing sales of premium products by providing innovative solutions to customer needs.”
The new technology centre will be built and operated by ExxonMobil Asia Pacific Research & Development Company Limited, and will be located in the Shanghai Zizhu Science-based Industrial Park.
“Asia, particularly China, provides unique growth opportunities for ExxonMobil,” said Robert C. Davis, vice president, Global Technology, ExxonMobil Chemical Company. “This is reflected in our decision to build ExxonMobil Chemical’s newest technology center in China. We look forward to better serving the needs of our customers in China and the region.”
The Shanghai centre is expected to be operational in 2010.
