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Al-Jazeera Paints, ALSORAYAI Group to Build CaCO3 Manufacturing Plant Under Latest MoU

Published on 2013-07-05. Author : SpecialChem

Al-Jazeera Paints, the high quality paints industry giant in the Middle East and surrounding regions and ALSORAYAI Commercial & Industrial Group, which work in the Carpets, Rugs, Fabrics and Furniture Industry, signed a Memorandum of Understanding to establish a Calcium Carbonate manufacturing plant.

The agreement signed in Jeddah city recently was based on the mutual interest of both parties in the possibility of establishing a high tech plant and one that implement the highest international standards in the manufacturing of Calcium Carbonate component and byproducts, to be based in Jeddah, as part of a limited liability company. The plant is expected to be built in approximately 12-13 months period and to commence operation in 3rd quarter of 2014.

The memorandum was signed by Mr. Abdullah Bin Saud Al Romaih representing Al-Jazeera Paints and Mr. Saleh Bin Naser Al Sorayia representing ALSOROYAI Group.

The establishment of this plant in the Kingdom is considered a strategic support for such vital industries as many products rely on Calcium Carbonate in addition to being an important component of both companies' products.

Following the signing ceremony, Chairman of the Board of Directors of ALSORAYAI Group Mr. Abdel Aziz Bin Naser Al Sorayia in a statement for the media said that "the discussion over the establishment of this kind of plant carries an important indication, especially in light of the development of the industrial sectors both locally and regionally."

From his side, General Manager of Al-Jazeera paints Abdullah Bin Saud Al Romaih stressed that: "the company engagement in such kind of projects come as part of its strategic plan to invest in integrated industries, " adding that "the Calcium Carbonate is used as a filler in a number of industries including the manufacturing of plastic and paints, as a catalyst in the treatment of rubber, as an additive in manufacturing of paper in addition to its usage in medical, petrochemicals, insecticides and glass industries."

It is worth noting that Al-Jazeera Paints owns a number of companies that operate in different fields most of which are in the industrial and the building materials sectors.

About Al Jazeera Paints

Al Jazeera Paints was founded in 1979 in Riyadh, Saudi Arabia as a small business but with big dreams. Within a short period of time, and through the founders' vision & dedication to achieve a balanced growth: a solid foundation has been established for a reputable and leading company in manufacturing paints in the Middle East. Therefore, the company was able to assume a leadership position in the development and production of innovative, top quality products distinguished with environmentally responsible whether they are industrial or commercial or personal ones which adequately designed to cater for specific requirements and needs of a wide sector of clients.

Source: Al Jazeera Paints


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