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National Industries Co. plans for to build new plants - Kuwait  Join our daily free Newsletter

MENAFN - 14/03/2006

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(MENAFN) The board chairman of the Kuwaiti National Industries Company for Building Materials said that the company is going ahead with its plans for expansion through setting up several new factories in several countries in the region, KUNA reported.

The board chairman said that the company recently built three white brick factories in Riyadh, Jeddah and Abu Dhabi and their output would be in the market early 2007, and added that the overall production capacity of the three facilities is 2,900 cubic meters per day.

The company was quite active regionally in the past year and had acquired a major stake in Dana Gas in Sharjah as well as Karachi Electric Supply Corporation in Pakistan, which is a premium investment.

The National Industries Company for Building Materials managed to secure overall sales of 106.5 million, an increase of 17.2 percent from the year before, and netted 42.1 million in profit at an increase of 54 percent.

 






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