Sabic: Joins Automotive Innovation Joint Venture Inpro
Saudi Basic Industries Corporation (Sabic) announced in Berlin today that it has entered into an agreement to purchase an equity stake in Inpro, a joint venture dedicated to collaborative innovation in automotive production. Sabic will join Daimler, Siemens, ThyssenKrupp and Volkswagen as equity owners in the group. The Federal State of Berlin has also held shares in Inpro since its founding in 1983.
Inpro develops innovative technologies for lightweight manufacturing and zero-defect production of automobiles. The group’s R&D focus includes the development of new production technologies for future electric and hybrid vehicles. With the realization of new innovative computer-based software tools, Inpro aims to shorten time-to-market and enhance the overall energy efficiency of automotive production.
“With one of the world’s broadest thermoplastics portfolios, Sabic is a welcome addition to our business model of collaborative innovation,” said Inpro CEO Dr. Gerd Eßer.
Gregory A. Adams, vice president of Sabic Innovative Plastics’ automotive division, is looking forward to the collaboration and stated that through Inpro, Sabic can participate and add value in the early stages of innovation with world-class companies, who continue to develop and create new vehicles and processes that meet the interests of automakers and consumers around the world.
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