Saudi International Petrochemical Company (Sipchem) has commenced commercial operations at its tools manufacturing facility and industrial parts plant producing a variety of metal moulds, spare parts and specialised equipment.
The plant, owned by the Saudi Specialized Products Company, an affiliate of Sipchem, is located in the Second Industrial City in Riyadh, Saudi Arabia. The plants equipment tests were completed successfully ensuring efficiency, capacity and product quality. The financial impact will be reflected in the company's financial results of the fourth quarter of 2016.
The total cost of the tools manufacturing facility is approximately SR110 million ($29.3 million), financed by the partners and local financing entities.
The plant utilizes the manufacturing technology of Kiefer Werkzeugbau GmbH, Germany to produce moulds and parts used in plastic factories, packaging and metal industries.
The plants infrastructure was designed to maximize flexibility so as to allow for the manufacture of a wide range of commercial and industrial products required standards.
The plant has obtained a number of quality certificates: DIN EN ISO 9001, BS OHSAS 180001 and DIN EN ISO 14001.
The Saudi Specialized Products Company (SSPC) is a partnership between Sipchem (75 percent) and Hanwha Chemical Overseas Holdings of Korea (25 percent).