25 September 2013
Saudi Binladin Group subsidiary Construction Products Holding Company has opened a $15m marble factory in the Ji’an County of China.
The 66,000m2 factory will be capable of producing around 400,000m2 of products a year, including interior and exterior flooring, wall panels and interior decoration products.
Half of the production will be allocated to China and the remaining half will be exported to Saudi Arabia and other GCC countries.
CPC’s chief operating officer, Walid Samaha, told Zawya: "China is an important market for CPC and we have a long-term commitment and strategic interest in this market. It will also enable our industrial marble business to expand and leverage its global reach, and win market share in emerging markets."
He added: "This move is part of the company’s ongoing programme to consolidate and optimize its global production network and we chose China because of positive investment environments, availability of the raw materials sources and the efficiency of the industry park infrastructure."
CPC, which is part of the Saudi Binladin Group, opened the factory through its wholly-owned company, Global New Material Technology (JI’AN) Co Ltd.