News
GE to Help Set Up Forging, Casting Facility in Saudi Arabia
Issued at 2016-06-06
Tweet
Saudi Aramco signed a memorandum of understanding (MoU) with GE and Italy’s Cividale SpA to build a high-end forging and casting manufacturing facility in Saudi Arabia that will serve the region’s maritime and energy industries. Scheduled to be operational in 2020, the $400 million plant will be located in Ras Al-Khair and create 2,000 jobs.
The MoU follows a preliminary partnership between Saudi Aramco and Cividale, a leading European producer in the steel and cast iron sector, to conduct feasibility studies for forging and casting manufacturing services. GE will extend its expertise in developing the manufacturing plant through a joint venture between the three entities.
Source: Industrial Heating
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
