A project for producing several thousands tons of “Copper Powder” is under construction stage … the technology was secured from a reputed German company in powder metallurgy industry …. the main feedstock is sourced locally. Take-or-Pay agreement has been signed with German company. All Capex funds have been secured … phase-1 has been completed and commissioned…. phase-2 is under construction .. SIDF loan has been secured (60% from total Capex) … expected completion is in Q4 2021.
A project for producing Copper Cathode grade ‘A’ in KSA is undergo … the products are extensively used in many downstream industries in KSA and GCC region. Raw materials are being secured locally and globally. Process technologies are being secured from reputed European firms. FEL-1 completed. The project land has been allocated by the industrial land authority (Royal Commission) with total area of 1.5 million m2 in Yanbu Industrial City, KSA. Groundbreaking ceremony was held on 20/02/2020. The project is under fund raising stage.