Yokogawa Signs Strategic Alliance Agreement with Saudi Basic Industries Corporation - Co-creating new value through co-innovation -

Tokyo, Japan - December 26, 2019

Yokogawa Electric Corporation (TOKYO: 6841) announces that it has entered into a strategic alliance framework agreement to accelerate collaboration with Saudi Basic Industries Corporation (SABIC), ranked among the world's largest petrochemical manufacturers. The agreement includes selection of Yokogawa as a preferred supplier of control systems.

SABIC is a public company based in Riyadh, the capital city of the Kingdom of Saudi Arabia, and is composed of four strategic business units: petrochemicals, specialties, agri-nutrients, and metals. To date, Yokogawa has delivered integrated control systems in some SABIC plants such as a large ethylene plant (1,000kt/year) in Jubail.

Under this alliance agreement, Yokogawa will promote localization 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 digitalization technologies, as well as energy optimization programs.

Through the co-innovation of solutions and the co-creation of value with our customers and partners, Yokogawa aims to contribute to a sustainable society.

Mr. Abdullah M. Al-Garni(left) with Mr. Koji Nakaoka after signing the agreement
Mr. Abdullah M. Al-Garni(left) with Mr. Koji Nakaoka after signing the agreement

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 in the top Platinum Saudization tier. In support of the country's promotion of female employment, the company has established an engineering team composed of only females in Saudi Arabia and supports projects for female engineers in the 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 of Saudi universities and colleges for both male and female. So far more than 550 Saudi trainees have benefited from these programs.

 

About Yokogawa

Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The 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 the 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 FY2018. For more information, please visit www.yokogawa.com.

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.

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