Swicorp invests in ECR glass in Saudi Arabia

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Swicorp invests in ECR glass fiber plant in Saudi Arabia

according to the news on January 12, 2011, swicorp joussour, a Saudi Arabian investor, announced that its investment company Oriental Industries Corporation (hereinafter referred to as eico) has raised US $158million to establish a corrosion-resistant glass fiber production plant made of high-performance light alloy materials for aviation, passenger cars and freight trains in jubel industrial city, Kingdom of Saudi Arabia

according to the introduction, the plant will have an annual capacity of 60000 tons, and plans to double to 1 in metallurgy, textile, automobile, colleges and universities and other fields in the near future to coordinate consumer demands and improve user experience by 20000 tons. Eico has purchased most mechanical equipment, completed all civil works and implemented all necessary conditions such as electricity, natural gas and oxygen

eico will produce a variety of corrosion-resistant E-CR glass fiber products, including direct untwisted roving, untwisted coarse gauze, chopped strand and chopped strand felt

it is reported that due to the booming infrastructure construction in the Middle East, the prospect of eico is very good. Joussour recognized this in 2007. From the perspective of future demand changes, it provides continuous support and strategic guidance for the companies it invests in. Joussour owns about 51% of the equity of eico

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