NewswireToday - /newswire/ -
Sharq, Kuwait, 2012/05/01 - First Saudi Insulation Manufacturing Company, a company owned by Alghanim Industries is pleased to announce the construction of a new stone wool manufacturing facility based in Yanbu Al-Sinaiyah, Kingdom of Saudi Arabia - Alghanim.com.
With the support of Saint-Gobain Isover (France), the world leader in insulation, FSIMC will manufacture a variety of stone wool products for thermal and acoustic insulation. Using Saint-Gobain’s latest state-of-the-art technology (REX process), FSIMC will serve both the industrial and building segments.
The manufacturing facility in Yanbu will have potential of 64,000 MT installed capacity and serve markets in Saudi Arabia, as well as other markets in the GCC, Egypt, Iraq and Levant. The plant is expected to be commissioned in 2013. The manufacturing facility in Yanbu will complement Alghanim Industries’ two stone wool facilities in India with a total installed capacity of 50,000 MT. Moreover, Alghanim Industries and Saint-Gobain also have a joint venture in Turkey to manufacture stone wool where installed capacity is expected to reach 75,000 MT in 2012. These facilities operate under Saint-Gobain Isover licensed technology.
The production of stone wool insulation at the Yanbu factory will also enable the construction sector to meet the increasing demand for eco-friendly and energy-efficient building materials. Stone wool insulation products can play a key role in the successful development of “green” building solutions with great energy savings for the Kingdom of Saudi Arabia and improved living comfort for the people. This investment will also create valuable jobs for Saudi nationals.
We would like to acknowledge and thank the Strategic Planning & Investment Development team of the Royal Commission of Yanbu for the strong support provided both for the industrial land as well as for the associated utilities that are necessary to build and operate this green field manufacturing facility.
About Saint-Gobain Isover
Saint-Gobain Isover is a division of Saint-Gobain. Saint-Gobain, the world leader in the habitat and construction market designs, manufacturers and distributes building materials providing innovative solutions to meet growing demand for energy efficiency and for environmental protection.
With 2011 sales of Euros 40.1 billion and more than 189,000 employees world-wide present in 64 countries, Saint-Gobain continues as one of the top 100 industrial groups in the world.
About AIghanim Industries
Alghanim Industries (alghanim.com), one of the largest, privately-owned companies in the Gulf region. A multi-national company in outlook with operations in 40 countries, Alghanim Industries is a multi-billion dollar conglomerate with more than 30 businesses and over 300 brand affiliations. Alghanim Industries has established strongholds in the Middle East, India and Turkey, with operations currently extending to Eastern Europe, Africa, East and Southeast Asia.
AIghanim Industries has strong international insulation manufacturing presence through Rockwool India Limited, Kimmco and Izocam (a joint venture with Saint Gobain).
ROCKWOOL India Limited: Leading producer of stone wool insulation in India, manufacturing heat, acoustic and fire resistant insulation products for distribution in India and throughout the Asian market.
KIMMCO: Leading provider of innovative, environmentally-friendly and energy-efficient glass wool insulation solutions in the Middle East and Africa as well as South East Asia Markets.
Leading supplier of insulation in Turkey that has operated as a joint venture between Alghanim Industries and Saint-Gobain, Isover, since 2006. Based in Turkey, Izocam manufactures stone wool, glass wool and other insulation products, and exports to markets in the Middle East, Far East, Europe, Africa and C.I.S.