Abahsain to set up fiber glass plant in Bahrain
Jeddah, April 26, 2008
Saleh & Abdulaziz Abahsain Company has signed an agreement with China-based Chongqing Polycomb International Corporation (CPIC) to set up a new glass fiber plant in Bahrain, which is is expected to produce 200,000 tonnes of glass fiber per year.
The company's move comes as part of its regional expansion plans, a top company official said.
“Our plans include setting in place a furnace that will start by producing 30,000 tonnes of glass fiber in 2008, progress to produce 120,000 tonnes by 2010, and reach our goal of producing 200,000 tonnes in 2012,” Abdullah Abahsain, president & CEO of S&A Abahsain group of companies said.
SK Maqsood, director of S & A Abahsain said, “Our partnership with (CPIC) is a huge leap for us because it will enable us to satisfy the increasing consumer need for glass fiber in the Middle East that is caused by the construction boom that we are witnessing.”
CPIC is a leader in the Chinese glass industry and has extensive expertise in the production of glass fiber, he noted.
“We are sure that this collaboration will help the company to fulfill its goals and grow at a faster pace,” he added.
CPIC president Wu Min said the advantages of partnering with a prominent firm in the Middle East like Saleh & Abdulaziz Abahsain will guarantee that we reach a larger segment of the clientele in the region and that we serve their needs better.”
Abdullah Abahsain said the joint venture with CPIC to construct the Bahrani firm will facilitate the company's development to be a leader in the glass fiber sector in the GCC.
The company has recently announced plans to build a Soda Ash plant in Saudi Arabia and is currently considering options to diversify into other sectors in the near future.-TradeArabia News Service