Calderys and Binzagr announce strategic partnership to serve the evolving needs of the Middle East refractory market
The 16,300 square meter production plant, located in Jubail, Saudi Arabia, will include one state-of-the-art monolithics line for dense and lightweight refractory castables and a line for precast shapes and lances. It will primarily serve the evolving needs of Saudi Arabia, the largest Middle East refractory market.
Michel Cornelissen, President and CEO of Calderys, says: “This partnership is an important step in Calderys Group’s strategy and demonstrates the Group’s solid growth and potential. It is also a testament to our ambition to serving our Middle East customers and prospects with greater agility while upholding the quality and delivery standards that have earned us our reputation.”
Sheikh Abdullah Binzagr, Chairman of Binzagr, adds: “We are proud to advance this strategic partnership, reinforcing the region’s supply of essential materials. Leveraging over thirty years of industry expertise and comprehensive regional knowledge, this investment demonstrates our steadfast commitment to sustainable economic growth and aligns with the objectives of Saudi Arabia’s Vision 2030.”
The new facility, operated by Calderys, will manufacture industry-leading refractory products under HWI and Calderys’ trademarks and will feature the latest safety management standards, technical innovation and quality testing facilities. The project underscores the partners' dedication to serving key industries in the region, such as iron & steel, aluminum, cement, and petrochemicals sectors.
Aurélien Cadars, Senior Vice President EMEA of Calderys, declares: “We are grateful to our partners at Binzagr for their trust in Calderys. This project is the largest investment in the recent history of Calderys’ EMEA region, and it reaffirms Calderys’ commitment to excellence, innovation, and local availability of the Group’s products and services. Our customers will benefit from an extensive portfolio of both Calderys and HWI solutions, increased product availability, with shorter lead times, and enhanced technical support.”
Sheikh Ahmed Binzagr, Board Member of Binzagr, concludes: “This partnership combines the expertise and capabilities of two well-established industry leaders, and we are confident that it will become a cornerstone in the Saudi industry value-chain.”
Please find below both English and Arabic versions of the press release: