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New gypsum plant....to be environmentally friendly

Mada Gypsum to set up $66m gypsum plant in Saudi

JEDDAH, January 5, 2015

Mada Gypsum, a leading producer of gypsum plasterboards and related gypsum based products in the region, is set to build a new environmentally friendly gypsum plant in Saudi Arabia, according to a report.

It will supply the increasing demand for gypsum and modern building materials and systems in the GCC, Middle East and Africa, said the Arab News report.
 
The new SR250 million ($66.5 million) investment will employ around 200 employees and will have an annual capacity of approximately 30 million sq m of gypsum plasterboards and related gypsum based products and systems, it said.
 
Mada Gypsum already operates two gypsum plasterboard lines in Yanbu, western side of Saudi Arabia, with a combined capacity of 34 million sq m per year of gypsum boards and other related gypsum based products.
 
With this new investment, the company will become the country's largest manufacturing company of gypsum, gypsum boards and gypsum systems, said the report.
 
"We see promising growth in the building solutions market across the GCC region driven by the strong fundamentals of the construction industry,” DKhalid S Al-Rajhi, chairman of Al-Rajhi Building Solutions Group, was quoted as saying.

“Setting up this new plant in Saudi Arabia also confirms the strategic importance of Saudi Arabia as a platform to serve markets in Africa and Europe in addition to the GCC. This investment confirms our commitment to maintain leadership in the industry."
 
The new plant is scheduled to commence operation in the third quarter of 2016, the report added.




Tags: Saudi | Gypsum | plant | new | Mada |

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