Essar plans to commission a Saudi plant by the end of 2025.


Posted October 17, 2022 by shivyadav

Saudi investment environment attracts direct foreign investment: Essar, reports Kallanish.

 
The business will spend SAR 15 billion ($4 billion) in Ras Al Khair Industrial City on Saudi Arabia's east coast to build 4 million tonnes/year of continuous casting and hot strip capacity, 1 million tonnes/year of cold rolled coil capacity, and a tin plate plant. There will also be two direct reduction iron units in the new complex, each with a 2.5 million tonne per year capacity.
Essar will sell a variety of gauges, from ultra-thin to thick, to downstream industries such automotive, oil and gas, water pipe, packaging, electrical, and home appliances in order to meet local and national demand (see Kallanish passim).
 
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Issued By Essar
Country India
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Tags essar , essar group
Last Updated October 17, 2022