08/01/2020 – News / Yogogawa Electric Corp / Japan / SABIC / Petrochemicals / Saudi Arabia
Yokogawa sign strategic alliance agreement with SABIC
Yokogawa Electric Corporation has entered into a strategic alliance framework agreement to accelerate collaboration with Saudi Basic Industries Corporation (SABIC) – ranked amongst the world’s largest petrochemical manufacturers.
The agreement includes selection of Yokogawa as a preferred supplier of control systems and aims to co-create “new value through co-innovation”, according to the manufacturer.
Based in the Saudi capital of Riyadh, public company SABIC is composed of four strategic business units: petrochemicals, specialties, agri-nutrients, and metals.
Yokogawa has already delivered integrated control systems in certain SABIC plants, including a large ethylene plant (1,000kt/year) located in Jubail.
Under this alliance agreement, Yokogawa will promote localisation in Saudi Arabia, and its integrated control systems and safety-instrumented systems will be preferentially selected for plants operated by SABIC in the Middle East and Asia-Pacific regions.
Additionally, Yokogawa will promote manufacturing excellence by collaborating with SABIC on innovative digitalisation technologies, as well as energy optimisation programs.
Through the co-innovation of solutions and the co-creation of value with its customers and partners, Yokogawa aims to contribute to a sustainable society.
Yokogawa’s initiatives in Saudi Arabia
Yokogawa established Yokogawa Saudi Arabia in 2006 and Yokogawa Service Saudi Arabia in 2007. Under the Saudi government’s Nitaqat Program, Yokogawa is positioned in the top Platinum Saudization tier.
In support of the country’s promotion of female employment, the company has established an engineering team composed solely of females in Saudi Arabia and supports projects for female engineers in the various Gulf countries.
Since April 2007, Yokogawa has been providing a one-year Graduate Engineer Training Program and shorter internship programs that are specially tailored to the needs of the Saudi job market, targeting recent graduates and students (both male and female) of Saudi universities and colleges. Thus far, more than 550 Saudi trainees have benefited from such programs.
Over 100 years of industrial innovation
Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information.
The company’s industrial automation business provides vital products, services, and solutions to a diverse range of process industries – including oil, chemicals, natural gas, power, iron and steel, and pulp and paper.
With its life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains.
The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability.
Yokogawa co-innovates with its customers through a global network of 113 companies spanning 60 countries, generating US$3.6 billion in sales in 2018.
For more information, visit: www.yokogawa.com