CPC opens $15m marble factory in China
Jeddah, September 24, 2013
Saudi-based Construction Products Holding Company (CPC) has annoucned the opening of its first wholly-owned special marble factory in China built at a total cost of $15 million through its Global New Material Technology (JI’AN) Company.
With this new investment in China, the company is expanding its production capacity in a major emerging market and will deliver its innovative building technologies more quickly to the growing number of customers based in China, Saudi Arabia and the GCC region.
The new factory built on a sprawling 66,000 sq m of space is being seen as the largest one in China which is expected to produce 400,000 sq m of interior/exterior flooring, wall panels and all interior decorations for all types of buildings.
CPC’s chief operating officer WalidSamaha said: “China is an important market for CPC and we have a long-term commitment and strategic interest in this market. It will also enable our industrial marble business to expand and leverage its global reach, and win market share in emerging markets.”
"This move is part of the company’s ongoing program to consolidate and optimize its global production network and we chose China because of positive investment environments, availability of the raw materials sources and the efficiency of the industry park infrastructure," he added.
Riad Kiwan, the chief operating officer of CPC International said the inauguration of the new ‘GNMT Factory’ was an important milestone for both the company and its customers.
"The new factory will enable the company in implementation of its projects domestically and internationally," he stated.
He pointed out that 50 per cent of the production of the new factory will be allocated for domestic consumption in China, while the rest will be for exports to Saudi Arabia and the GCC countries.
GNMT factory is located in the High-Tech Industry Park zone of Ji’an county which boasts of one of the largest industry parks in the area to produce special high quality marble.-TradeArabia News Service