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10/4/2011

SABIC Joins Automotive Innovation Joint Venture

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WEB EXCLUSIVE: Saudi Basic Industries Corp. (SABIC) has agreed to purchase an equity stake in INPRO, a joint venture dedicated to collaborative innovation in automotive production.

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WEB EXCLUSIVE: Saudi Basic Industries Corp. (SABIC) has agreed to purchase an equity stake in INPRO, a European joint venture dedicated to collaborative innovation in automotive production. SABIC will join the other equity owners—Daimler, Siemens, ThyssenKrupp, Volkswagen, and the Federal State of Berlin—as the first material supplier in the group. Based in Berlin, Germany, INPRO was founded in 1983. It develops new technologies for lightweight vehicles and zero-defect manufacturing. Its current focus includes development of future electric and hybrid vehicles. SABIC supplies PE and PP, as well as engineering thermoplastics through its Innovative Plastics unit (U.S. office in Pittsfield, Mass.).

 

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