Tuwaiq Casting & Forging is a company that was established during January 2022 announces the Ground Breaking Ceremony.
The facility was establishing through the joint venture between the Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco’s wholly-owned subsidiary Saudi Aramco Development Company and Doosan. (read more)
The new facility will be built at the King Salman International Maritime Industries Complex, which is located near Jubail in the Eastern Province of Saudi Arabia. As the facility will have an area size of 400,000m² and the capacity to produce 60 thousand tons of castings and forgings per year, once built it will be Saudi Arabia’s largest casting & forging facility. The construction of the facility is to commence this year and is slated to be completed by the first quarter of 2025.
The main products to be produced at the facility are the castings and forgings that go into the pumps and valves of petrochemical plants and those used on equipment for shipbuilding and offshore plants. The long term plan is to further expand the scope to include castings and forgings for wind farms and power plants.
Doosan Heavy Industries & Construction, South Korea had signed an EPC contract valued to be KRW 1 trillion (USD 834.4 million) (read more)
