Al Watania for Industries teams up with China’s DHX for Saudi Arabia's tinplate production
Deal News | Jan 19, 2025 | Zawya
Al Watania for Industries and China’s Donghexin Group have announced a strategic joint venture to establish Saudi Arabia's inaugural tinplate manufacturing facility. Revealed at the Future Minerals Forum under the Minister of Industry and Mineral Resources’ patronage, this agreement aligns with Saudi Vision 2030’s economic diversification objective by localizing the production of crucial metal packaging components. It envisions the production of 400,000 metric tons of tinplate annually in Ras Al-Khair Industrial City, catering to domestic demand while aspiring to position Saudi Arabia as a regional tinplate exporter. The collaboration combines advanced technical capabilities and aims to employ over 500 local individuals, fortifying the industrial supply chain, boosting exports, and reducing import reliance. Asserting a competitive edge globally, the facility is projected to commence operations by early 2027, embarking upon a landmark stride in intelligent Saudi manufacturing and economic resilience.
Sectors
- Metal Manufacturing
- Industrial Production
Geography
- Saudi Arabia – The article focuses on the establishment of a tinplate manufacturing plant in Saudi Arabia as part of the country's Vision 2030 economic objectives.
- China – China is relevant due to the involvement of China's Donghexin Group in the joint venture with Al Watania for Industries.
Industry
- Metal Manufacturing – The article discusses the establishment of a tinplate manufacturing plant, which falls under the metal manufacturing sector.
- Industrial Production – The article highlights the creation of a new industrial production facility in Saudi Arabia, contributing to the country's industrial capabilities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Al Watania for Industries | Target Company | Company | A Saudi Arabian company participating in the joint venture to establish the country’s first tinplate manufacturing plant. |
| Donghexin Group (DHX) | Bidding Company | Company | A Chinese company forming a joint venture with Al Watania for Industries to build the tinplate plant in Saudi Arabia. |
| Bandar Ibrahim Alkhorayef | Government | People | Minister of Industry and Mineral Resources in Saudi Arabia, under whose patronage the agreement was unveiled. |
| Future Minerals Forum (FMF 2025) | Other | Event | A platform where the joint venture agreement announcement was made. |