Saudi Construction Products Holding Co., Ltd. recently signed a memorandum of understanding with Germany's Hermann Gutmann Wilk AG to establish a aluminum extrusion plant and a modern aluminum composite board production line. According to Faysal Alaquil, business development manager, the project has a total investment of 90 million U.S. dollars. The initial annual aluminum extrusion capacity is 22,000 tons, including anodes, powder coatings, and 1.5 million square meters of aluminum composite panels. Saudi Construction Products Holding Company will hold 65% of the shares of the project, and the remaining 35% will be held by Gutmann and its parent company, ALCO. Gutman will provide the necessary technical support to the project. Saudi Construction Products Corporation provides pre-casting, cutting, marble, granite, electrical and mechanical equipment, cables, logistics and other key building materials. Construction Products Holding Company (CPC) of Saudi Arabia is headquartered in Saudi Arabia; German company Herman Gutmann Werke AG of Germany is located in Weisenberg, Germany. The extrusion business has been in business for more than 70 years and is one of the fastest growing companies in the extrusion industry in Europe. Its production facilities are located in Germany, Greece, Romania, the Middle East and the United States.
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