Forsan Ceramics Already Number Three Ceramics Producer in Kingdom of Saudi Arabia
(Thomson Reuters ONE) -
Dr. Khater Massaad, CEO of the fast growing Al Forsan Global Industrial Complex
('Forsan Ceramics') in the Kingdsom of Saudi Arabia today forecast that from a
standing start of production less than two years ago it will be the number three
ceramics and porcelain producer in the Kingdom as it ramps up to full production
before the beginning of 2017.
Forsan Ceramics, based in the King Abdullah Economic City on the Red Sea coast
of the Kingdom of Saudi Arabia, was only set up in 2011, and is the result of a
$186m investment with local Saudi partners.
The production facilities comprise of three large scale, state of the art tile
and sanitary ware manufacturing factories with annual production capabilities of
12 million sqm ceramic tiles and 8 million sqm porcelain tiles - together enough
to cover 4,000 soccer pitches - as well as 1.45 million sanitary ware pieces.
Dr Khater Massaad said about the new forecast for Forsan Ceramics: "Our goal is
to meet the strong demand coming from such a dynamic country for our ceramic and
porcelain products and when we do we will then be producing at full capacity.
"It also means that, if we are not already, we will soon be the number three
producer in the Kingdom which is quite an achievement for a business which only
started production less than two years ago."
The Company is led by a team of highly regarded industry professionals who have
worked together in ceramics manufacturing and distribution for the past 20
years. Their experience along with the investment in high-end equipment ensures
maximum production efficiency, providing customers with top quality products at
an internationally competitive price.
ENDS
For further information
Adrian Flook - aflook(at)ctfcomms.com
Notes to editors
Dr Khater Massaad
Dr Khater Massaad, the Chief Executive of Forsan Ceramics, is a Swiss national
with a Ph.D. in Geophysics and M.Sc. in Mathematics. His business pedigree
includes setting up RAK Ceramics in the early 1990s which over the next 20 years
he turned into the world's largest ceramics producer.
Forsan Ceramics
Al Forsan Global Industrial Complex is based in the King Abdullah Economic City
and enjoys a competitive edge over many domestic and international ceramic and
porcelain manufacturers. Having been established as recently as 2011, it has
been able to invest in the latest machinery and deploy the best techniques and
technology in the industry along with the highest quality raw materials.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Star Industrial Holding Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2016 - 13:32 Uhr
Sprache: Deutsch
News-ID 492673
Anzahl Zeichen: 3175
contact information:
Town:
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Kategorie:
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"Forsan Ceramics Already Number Three Ceramics Producer in Kingdom of Saudi Arabia"
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