Sabic to remain at GE site
That complex, at 1 Plastics Ave., has served as Sabic's headquarters and that of its predecessor, General Electric's plastic unit. Sabic took over that property in 2007 when its parent company, Sabic Basic Industries, purchased GE Plastics for $11.6 billion. Sabic Basic Industries, which is based in Riyadh, Saudia Arabia, is the Middle East's largest registered company.
The worldwide economic recession hit Sabic Basic Industries hard last year, which caused Sabic Plastics to layoff 40 of its 300 Pittsfield employees last December.
At that time, Sabic Plastic officials had said they were considering either reducing the footprint of its facility on Plastics Avenue, leasing another building from the city, or building anew in Pittsfield.
Kennedy said Sabic's decision to remain on Plastics Avenue is "an affirmation of our commitment to the Pittsfield community."
"This decision basically enables us to not only make our site more efficient, but also helps us make a more energetic and collaborative environment for our employees," she said.
Kennedy could not be reached for further comment on Tuesday.
Mayor James M. Ruberto said he has been in constant contact with Sabic Plastics President and CEO Charles Crew about the company's future plans. Both Crew and Ruberto are graduates of Villanova University.
"That's why I've never been concerned about them moving out of the city," Ruberto said. "I always thought that they would stay in Pittsfield no matter what location they chose."
"I'm ecstatic for the company and the employees because if there was some anxiety, they've relieved [from] that anxiety," he added.
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