ExxonMobil Makes Technology Investment in China         

On March 17th, ExxonMobil Chemical Company announced that it has made the final decision to build a technology center in Shanghai, eastern China to provide product applications support for its growing business in the Chinese and Asian markets.
    "Over the next 10 years, we expect roughly 60% of the world's petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additions in Fujian province, southeastern China and Singapore," said Steve Pryor, president, ExxonMobil Chemical Company. "The decision to build a technology center in Shanghai reinforces our long-term commitment to China and the region. The new investment will support our growing sales of premium products by providing innovative solutions to customer needs."  
   The new technology center will be built and operated by ExxonMobil Asia Pacific Research & Development Company Limited, and will be located in the Shanghai Zizhu Science-based Industrial Park. Laboratories and product demonstration facilities at the center will provide applications technical service and a range of applications development capabilities.
    The technology center in Shanghai is expected to be operational in 2010.