Petrochemicals giant Saudi Basic Industries Corp (SABIC) on Nov. 25 signed license agreements with Military Industries Corporation (MIC) and Saudi Arabian Amiantit Co. during a ceremony at its headquarters in Riyadh.

 

As per the first agreement, SABIC will grant license to MIC for armor-level panel technology meeting Class BR7 standards, and methods for manufacturing such panels.

 

The second agreement enables Amiantit to get rubber formulation technology for manufacturing trackpads for military tanks, and methods for manufacturing such materials.

 

The two agreements will not only support domestic producers in manufacturing world-class armor and trackpad material but also help in creating jobs and building a competitive local workforce, SABIC said in a statement.

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