AFICO Completes Factory Expansion and Plans Construction of New Facility in Saudi Arabia
Arabian Fiberglass Insulation Co. Ltd., (AFICO), a joint venture between Owens Corning and Zamil Industrial Investment Company and a sector business of Zamil Industrial, recently announced the completion of a major capacity expansion at its manufacturing facility located in Dammam, Saudi Arabia.
This expansion allows AFICO to increase its production capacity by 50 percent. With local and regional demand for the company’s products rising rapidly, AFICO is well positioned to meet current demand as well as projections for increased demand into the future.
“As the construction industry experiences accelerated growth across the entire Gulf Cooperation Counsel (GCC) region, the demand for high quality fiberglass insulation has followed suit. AFICO recently invested more than SR 60 million (USD 16 million) in upgrades and expansion, and we are pleased to be an integral part of this regional industry,” said Abdulla M. Al Zamil, Board Member of AFICO and Chief Operating Officer at Zamil Industrial.
In addition to this expansion, AFICO is actively progressing toward new additional capacity in Saudi Arabia. AFICO’s Board of Directors has approved the construction of a new glass wool production facility, and the project remains subject only to final review and approval by the joint venture partners. This new facility will allow AFICO to continue to grow in proportion to the market for fiberglass insulation products utilized in residential, commercial and industrial construction projects throughout the GCC region.
Once approved, construction of the new facility in Dammam will move quickly. This facility will be built using advanced technology from Owens Corning, and feature fully automated production lines.
“With the latest technology and the support of Zamil Industrial, AFICO is uniquely qualified to function as a regional leader in the fiberglass insulation products industry well into the future,” added Mr. Al Zamil.
AFICO is an ISO 9001, ISO 14001 and OHSAS 18001 certified company, engaged in the manufacture of premium glass wool insulation products since 1982. All AFICO products, used in a wide variety of applications, are environmentally friendly.
Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa)
Arabian Fiberglass Insulation Co. Ltd. (AFICO) manufactures premium quality glass wool insulation products for industrial and commercial applications. It is also the only manufacturer of fiberglass insulation products in Saudi Arabia.
AFICO is a joint venture between Zamil Industrial and Owens Corning, USA, the world leader in the technology of manufacturing fiberglass products. Zamil Industrial holds a 51 percent stake in the company, after acquiring it from Saudi Arabian Amiantit Group in January 2006. Owens Corning holds the remaining 49 percent.
Under license from Owens Corning and utilizing its technical specifications, AFICO’s premium quality products and services are comparable to those of its counterparts in the United States and Europe. AFICO’s leadership in the markets it serves is also based on expertise gained through more than 25 years of successful operations.
The company was established in 1981 with headquarters and manufacturing facilities in Dammam First Industrial City in the Eastern Province of the Kingdom of Saudi Arabia. Sales offices in Dammam, Riyadh, Jeddah, Dubai and Beirut and strategic business alliances with competent distributors across various international markets serve customers throughout all six Gulf Cooperation Council countries, the wider Middle East and Far East region.
AFICO is one of the four sector businesses of Zamil Industrial.
