ARLANXEO in an initiative to develop innovative products and applications for its elastomers businesses and expand its R&D efforts into the Kingdom of Saudi Arabia has entered into a collaboration framework with Dhahran Techno Valley Company (DTVC), a company wholly owned by KFUPM (the Kingdom’s academic institution for oil and gas).
An Opportunity to Capture the Expertise
Donald Chen, CEO of ARLANXEO, said, “
ARLANXEO will seek to leverage the technical know-how and core competencies of DVTC and KFUPM to support our efforts in building an innovative elastomers industry in Saudi Arabia. This collaboration is a natural fit for ARLANXEO as a member of the Saudi Aramco family.”
Commenting on the collaboration, Abdulaziz Al-Judaimi, Saudi Aramco’s Senior Vice President of Downstream said, “
This cooperation would give ARLANXEO the opportunity to capture the expertise of highly qualified research and academic personnel from DTVC and KFUPM, which could be an important contributor to the growth aspirations of ARLANXEO as well as Saudi Aramco’s broader chemicals growth strategy.”
ARLANXEO’s core business is the development, manufacturing and marketing of high-performance rubber for the application in automotive and tire industries, construction and the oil and gas industries.
Source: ARLANXEO