Insulation industry news from Global Insulation
Owens Corning opens US$50m Saudi joint-venture
30 May 2013Saudi Arabia: Arabian Fiberglass Insulation (AFICO), a joint-venture between Owens Corning and Zamil Industrial Investment, has inaugurated its new fibreglass manufacturing plant costing US$50m in Dammam, Saudi Arabia.
The plant has an installed insulation production capacity of 24,000Mt/yr, increasing the company's total capacity to 37,000Mt/yr. The additional capacity is intended to assist local governing authorities in the Gulf Cooperation Countries with on-going efforts to implement more stringent building code requirements aimed at increased energy efficiency and fire safety standards.
AFICO has been a leading regional manufacturer of fibreglass insulation products since 1982, utilising the know-how and technical specifications of Owens Corning under license.