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 …. the main feedstock is sourced locally. Take-or-Pay agreement has been signed. All Capex fund has been secured … phase-1 has been completed and commissioned…. phase-2 is under construction .. SIDF loan has been obtained (60% from total Capex) … expected completion is in Q4 2020.
A project for producing Copper Cathode grade ‘A’ in KSA is undergo … the products are heavily used in many 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.
A project for producing special alloy metals and parts is undergo. The raw materials are sourced 100% locally. Business plan completed. Project land is being secured from government authority. The project is under development stage.