SABIC Joins Forces In Strategic Partnership

SABIC, a global leader in the chemical industry, today announced a strategic partnership with KraussMaffei HighPerformance AG, KraussMaffei's Swiss subsidiary and manufacturer of high-performance injection molding systems known under the NETSTAL brand. Besides the exchange of mutual know-how in the fields of polymer technology and processing, the aim of the partnership is the joint use and further advancement of the existing application center for thin-wall packaging at the NETSTAL plant in Näfels, Switzerland.

The official launch of the cooperation, which will focus on application, material and processing innovations in the thin-wall packaging industry through collaboration across the segment's entire value chain, is scheduled for the first quarter of 2021.

“This is a major investment in synergy for us,” states Sergi Monros, SABIC Vice President of Performance Polymers & Industry Solutions, Petrochemicals. “Together with NETSTAL, we will bundle our expertise in polymer science and processing to enable new material and injection molding solutions for the competitive edge of customers throughout the thin-wall packaging industry and beyond.”

SABIC will be using the Innovation Center to develop material solutions with potential for improving important properties of thin-wall packaging applications, such as balance of stiffness, impact strength, cycle time reduction and sustainability. The NETSTAL Product Packaging portfolio can be further optimized as a result of improved material and process insights.

The Innovation Center will be fully equipped and expanded with advanced new development, processing, material and application testing facilities tailored to the needs of the packaging industry, including a dedicated laboratory for state-of-the-art injection molding and part performance evaluation.

“We are pleased to welcome SABIC at our NETSTAL business headquarters here in Switzerland, which has a long history in innovative technologies for thin-wall injection molding,” says Renzo Davatz, CEO of KraussMaffei HighPerformance AG. 

“The collaboration with SABIC will add significant momentum to the further development and commercialization of our product portfolio for innovative new thin-wall packaging applications.”

“The joint application center will help us accelerate the pace of innovation and respond to our customers’ needs for changing market trends,” adds Waleed Al Shalfan, SABIC Vice President Technology & Innovation for Polymers. “It will be instrumental in looking at our business practices from a more collaborative angle to turn global challenges into opportunities that add lasting value to us, our customers and society. That’s how we create CHEMISTRY THAT MATTERS^™.”

ABOUT SABIC

SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. SABIC manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.

SABIC supports its customers by identifying and developing opportunities in key end-use applications such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy. Production in 2019 was 72.6 million metric tons.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, SABIC has 12,540 global patent filings, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.

ABOUT KRAUSSMAFFEI HIGHPERFORMANCE AG (NETSTAL)

With its NETSTAL product brand, KraussMaffei HighPerformance AG stands for the world's most powerful injection molding technology and system solutions. KraussMaffei HighPerformance AG offers its customers fast, precise and reliable machines for packaging and medical technology applications. With exceptional industry and application expertise and pioneering digital solutions, KraussMaffei HighPerformance AG makes a valuable contribution to making its customers' business models even more successful. 

Learn more at www.kraussmaffei.com.

ABOUT KRAUSSMAFFEI

KraussMaffei is among the world’s leading manufacturers of machinery and systems for the production and processing of plastics and rubber. Our brand stands for cutting-edge technologies – for more than 180 years. Our range of services covers all areas of injection molding machinery, extrusion technology and reaction process machinery. This gives KraussMaffei a unique selling point in the industry. With the high innovative power of our standardized and individual product, process, digital and service solutions, we can guarantee customers sustained additional value over the entire value-adding chain.

Our range of products and services allow us to serve customers in many sectors including the automotive, packaging, medical and construction industries, as well as manufacturers of electrical and electronic products and household appliances. KraussMaffei employs around 5500 people all over the world. With more than 30 subsidiaries and over 10 production plants, as well as about 570 commercial and service partners, we are represented internationally close to our customers. Global headquarters have been in Munich since 1838. 

Learn more at www.kraussmaffei.com.

SABIC is partnering with KraussMaffei’s NETSTAL brand in a strategic resource for innovative thin-wall packaging applications. With significant investment in new equipment, the jointly used and expanded Innovation Center at Näfels, Switzerland, is targeted at advanced application, material and processing solutions for the thin-wall packaging industry through collaboration across the segment’s value chain. (Photo: KraussMaffei HighPerformance AG)

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