HRH Prince Saud bin Naif Inaugurates New AFICO Factory in Dammam

HRH Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, officially inaugurated the new Arabian Fiberglass Insulation Co. Ltd. (AFICO) factory in Dammam Second Industrial City on Wednesday, 15 January 2014. Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah and a group of distinguished senior officials and businessmen from the Eastern Province were also in attendance. AFICO is a member company of Gulf Insulation Group, a sector business of Zamil Industrial Investment Co. (Zamil Industrial).

Upon his arrival at the venue, Prince Saud cut the ribbon to mark the opening of the new state-of-the-art manufacturing facility. He then toured the plant and listened to a detailed description of the workings of the factory, including its production lines and packing and shipping processes. The new factory has successfully completed the pilot production process and has commenced the commercial production of fiberglass insulation materials for a variety of customers in local and regional markets.

The Prince spoke briefly, expressing his pride and admiration for this advanced industrial facility and its contribution to the support of existing industrial projects in the Kingdom, and praising the efforts of the founders of this exciting project.

On this celebrated occasion, Khalid Abdullah Al Zamil, Chairman of Gulf Insulation Group, delivered a speech, during which he acknowledged the keen interest and participation of the Kingdom leadership and His Royal Highness in support of this and other ventures aimed at the development of the industrial sector and at the achievement of overall economic development in the Kingdom. He stressed that the establishment of the new plant is a key part of the company’s strategic plan to develop Saudi Arabian industrial capacity and to meet the growing demand for high-quality insulation materials for use in industrial, commercial and residential projects.

Al Zamil also stated that the new factory has an installed capacity of 24,000 MT, increasing the company’s total manufacturing capacity in its combined plants to 37,000 MT per annum. The new plant will manufacture products primarily for use in the different segments of the construction industry. The additional production capacity will also enable AFICO to introduce energy-efficient, environmentally friendly fiberglass insulation products to the marketplace.These products are expected to assist local governing authorities in the GCC countries in the implementation of more stringent building code requirements aimed at increasing energy efficiency and improving fire safety standards.

Finally, Al Zamil praised the role of the Ministry of Commerce and Industry in supporting the private sector in general and the industrial sector in particular, since the industrial sector is the main engine of economic growth and job creation for Saudi citizens.

At the conclusion of the inaugural ceremony, special souvenirs were presented to the Prince and the Minister of Commerce and Industry in commemoration of the occasion.