SABIC, one of the world’s largest diversified chemical companies, announced the expansion of its skill development Corporate Social Responsibility (CSR) program aimed at developing capacity in the plastics processing industry in India. The program, run in collaboration with the Central Institute of Plastics Engineering & Technology (CIPET), under the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, trained 50 youth from less-privileged backgrounds in Chennai in its first phase, and now further targeting to train 90 more from Hyderabad and Ahmedabad in next phase. This collaboration is a part of SABIC’s corporate social responsibility (CSR) commitment to create lasting value across the economic, social, human and environmental dimensions.
The program entails a six month-long residential skill development course including a full scholarship that covers course fee, boarding and lodging costs. The students were selected through a comprehensive screening process undertaken independently by CIPET. Based on a special curriculum developed by CIPET with inputs from SABIC, students in CIPET, Hyderabad will be trained on plastics extrusion while students in CIPET, Ahmedabad will be trained to operate Injection Moulding Machines. Upon successful completion of the course, the students will be certified by CIPET and SABIC. These students will be equipped with skills to gain employment in various plastics processing hubs.
Speaking at the launch of the program in Ahmedabad today, Janardhanan Ramanujalu, Vice President, SABIC South Asia & ANZ, said, “We are delighted to take our partnership with CIPET to the next level with the second phase of this skill development program. After the overwhelming success of the first phase of the program in Chennai, in which all graduates received employment offers, we look forward to enabling such high-potential youth in Ahmedabad and Hyderabad to access similar opportunities in the industry. Given the potential of the plastics processing industry in India, we believe that this program will add more skilled frontline workers to the industry and contribute to Govt. of India’s vision of making India a global manufacturing hub.”
Dr. Pradeep Upadhyaya, Professor and Head, High Learning Centres, CIPET Ahmedabad said, “As the leading academic and research institute in the field of plastics, CIPET conducts programs to equip people with skills that are in line with the latest requirements in the plastics industry. We believe that the success of such programs rests heavily on collaboration with industry leaders such as SABIC, which help bring in industry orientation to the curriculum and greatly benefit students. We are confident that the skills acquired by the participants of this program will help them capitalize on the opportunities presented by the growth in the plastics processing industry.”
In alignment with SABIC’s global CSR policy, SABIC in India focuses its CSR efforts on the promotion of education, with special attention to less-privileged children and youth. Other SABIC CSR activities in the area of education include reconstruction of schools in Bengaluru and Vadodara and an eye-care campaign targeting 50,000 less-privileged students in government schools in Bengaluru, Delhi, Gurgaon and Vadodara, to facilitate their education and empowering underprivileged women by undertaking skill development program to develop useful articles using plastic waste, teaching children responsible ways to dispose plastic waste.
SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: Chemicals, Plastics, Agri-Nutrients, Metals, and Specialties.
We support our customers in identifying and developing opportunities in key end markets such as Construction, Medical Devices, Packaging, Agri-Nutrients, Electrical and Electronics, Transportation, and Clean Energy.
SABIC recorded a net profit of SR 23.3 billion (US$ 6.2 billion) in 2014. Sales revenues for 2014 totalled SR 188.1 billion (US$ 50.2 billion). Total assets stood at SR 340 billion (US$ 90.7 billion) at the end of 2014.
SABIC has more than 40,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have filed more than 10,600 patents, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.
At SABIC, we combine a rich track record of doing what others said couldn’t be done, with a deep understanding of our customers. But our true impact is as a partner who can help our customers achieve their ambitions by finding solutions to their challenges. We call this ‘Chemistry that Matters™’.
ABOUT SABIC IN ASIA
Established in the 1980s, SABIC Asia has over 40 offices and close to 3,000 employees across the region. With 10 manufacturing and compounding sites in China, India, Japan, Republic of Korea, Singapore and Thailand, SABIC constantly strives to better serve our customers in the Asian region. A leading global organization in research and technology, we have two Application Centers in Moka, Japan and Sungnam, Republic of Korea and three new Technology Centers in Bengaluru, India, Shanghai, China and Suwon, Republic of Korea. Today, Asia is SABIC’s fastest growing region globally with strong double-digit growth.
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