SABIC Metals has signed four agreements with companies to build new production plants for flat steel at its Hadeed affiliate in Al-Jubail, Saudi Arabia.
SABIC Vice Chairman and CEO, Mohamed Al-Mady, said: “These agreements and expansions represent part of SABIC’s strategic plan to meet the market’s growing demands and improve its position worldwide.
“Since SABIC Metals’ formation, it has continuously endeavored to increase its plant capacity and diversify its range of products.
“In 2003 its capacity reached 3.9 metric tonnes of long and flat steel products. Upon completion of this new expansion program by 2006, annual production will rise to 5.5 million metric tones of long and flat steel products”. (menareport.com)
