MOSCOW (MRC) -- International material sciences leader SABIC has announced its commitment to developing innovation in additive manufacturing at NPE2015, said EPPM.
The world's first 3D printed car, developed with SABIC material technology, manufactured by Local Motors. Leveraging its global technology centers in the Americas, Europe, Asia and Saudi Arabia, SABIC is expanding its application development focus in additive manufacturing technology.
The move further underscores SABIC's commitment to this evolving technology that is pushing the industry to rapidly develop new materials and processes that can help to achieve improved performance, complex designs, enhanced aesthetics and more economical part builds. SABIC’s capabilities and experience in additive manufacturing across a number of industries will enable it to work closely with technology innovators including universities, research laboratories, printer manufacturers, OEMs and emerging technology companies to help accelerate the advancements necessary for additive manufacturing to reach its full potential.
SABIC’s success with additive manufacturing has been driven in large part by the company’s holistic approach to this technology. From a broad portfolio of high performance materials, to design and processing expertise, to state-of-the-art equipment, SABIC provides a highly supportive research environment for material optimization, testing and designing for additive manufacturing processes.
As MRC informed earlier, Sabic reported a 29% drop in fourth-quarter profit as lower oil prices reduced returns from its own products. Net income dropped to 4.36 billion riyals (USD1.16 billion) from 6.16 billion riyals a year earlier, the Riyadh-based company said in a statement today. Sales slipped 10% to 43.4 billion riyals.
Saudi Basic Industries Corporation (Sabic) ranks among the worldпїЅs top petrochemical companies. The company is among the worldпїЅs market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
MRC