Armacell: New Location in Saudi Arabia
Together with Zamil Industrial, the Saudi Arabian manufacturer of construction materials, Armacell has now opened its new location in the Gulf region. In May this year, Armacell and Zamil Industrial signed a joint venture agreement to produce flexible technical insulation materials in Saudi Arabia. The Armacell Zamil Middle East Company is situated in Dammam, a port city on Saudi Arabia’s east coast. The medium-term plan is to supply the entire Middle East region with Armaflex and other technical insulation materials from here.
The Armacell Zamil Middle East Company Ltd., of which Armacell holds 51%, is the insulation manufacturer’s first joint venture. Whereas other new geographical markets have been opened up by the company’s own subsidiaries, in the Arabian region Armacell has deliberately opted for cooperation with a business partner who is well-known and well-established in this area.
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