Mada Gypsum Co., a leading producer of gypsum plasterboards and related gypsum based products in the region, announced the building of a new environmentally friendly gypsum plant in Saudi Arabia, which will supply the increasing demand for gypsum and modern building materials and systems in the GCC, Middle East and Africa.
The new SR250 million ($67 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.
The new plant in Saudi Arabia will have a radical impact on increasing the overall gypsum manufacturing capacity in Saudi Arabia.
Mada Gypsum Co. is the industry's leader and a benchmark for its quality in the region and combines its manufacturing acumen with a strong network of distributors and installers across the regions.
It already operates two gypsum plasterboard lines in Yanbu, western side of Saudi Arabia, with a combined capacity of 34 million sq m / 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, cementing it's position as the leader of the industry in the entire Middle East region.
DKhalid S. Al-Rajhi, chairman of Al-Rajhi Building Solutions Group, said: "We see promising growth in the building solutions market across the GCC region driven by the strong fundamentals of the construction industry. 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."
Ahmed Ibrahim Al-Bassam, CEO of Al Rajhi Building Solutions Group, said: "This new investment aligns with our vision to add quality value to the building solutions industry while pushing for exponential growth. This new investment heralds the commencement of the 2020 Strategic Agenda of the Building Solutions Group."
Al-Bassam added: "The new plant will be equipped with latest state of the art manufacturing machineries and production technology. The Plant will have a capacity of 30 million m2 / year and is scheduled to commence operation in Q3/2016. Mada Gypsum Co. is also proud of the environmental benefits associated with this new plant. This is a genuinely green project. The gypsum on site will be processed and removed, returning the site to its natural state."
Mada Gypsum Company is a member of the AL Rajhi Building Solutions Group, a GCC-based Group with core building solutions offered to the markets in Middle East, Africa, Europe and South Asia, including construction chemicals, off site construction technologies, steel buildings solutions, façade technologies, interiors & fit-out and power solutions. Mabani Steel, Cladtech International, Unipods, Precast Technologies, Mada Gypsum, Saudi Water Proofing, Romeo Interiors, El-Sewedy Cables, and Electorputere SA are members of Al Rajhi Building Solutions Group.