14,251.29 TRY BIST 100 BIST 100
53.84 EUR EUR EUR
47.07 USD USD USD
6.98 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.10 TRY Interest Interest
83.75 USD Fossil Oil Fossil Oil
6.24 USD Copper Copper
84.79 USD Silver Silver
100.33 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Tahweel Metal signed a contract with SMS group for an integrated aluminum foil complex in Dammam

Saudi Arabia-based Tahweel Metal Industries Company (TMIC) has signed a contract with SMS group for the engineering, manufacturing, and delivery of a six-unit aluminum cold rolling mill as part of a new integrated aluminum foil rolling complex to be built in Dammam.

Tahweel Metal signed a contract with SMS group for an integrated aluminum foil complex in Dammam
The facility in question will be centrally located within an integrated complex to be established in the Dammam Third Industrial City (Modon-III) in the Persian Gulf. TMIC's parent company, Tahweel Holding, operates in the field of material solutions across the Middle East and North Africa (MENA) region, and the company aims to continue its investments in the aluminum foil rolling and flexible packaging sectors.
The six-high cold rolling mill to be supplied by SMS group has been designed to process aluminum strips with widths up to 2,200 millimeters and thicknesses up to 8 millimeters, reducing them to a final thickness of as little as 0.15 millimeters. The majority of the produced strips are planned to be used as foil in various industrial applications, primarily for food and pharmaceutical packaging.
The facility is stated to be equipped with technical features that will ensure high-precision thickness control, flexible rolling capacity, energy-efficient processes, advanced automation systems, and long-term production reliability. The project is described as aiming to deliver sustainable and future-oriented production solutions.
The official announcement of the order was held in Riyadh, with the participation of senior government officials and company representatives. The investment is noted to align with the objectives of Saudi Arabia's Vision 2030 framework, including economic diversification, localization of production, and sustainable resource utilization. SMS group is reported to be participating in the project as a technology partner.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The bookbuilding process for Kardemir Çelik's initial public offering (IPO) will take place between July 22 and 24, 2026

Saturday, July 18, 2026

China criticizes UK's nationalization of British Steel

Friday, July 17, 2026

The United States will impose a 25% import tariff on certain products from Brazil under Section 301.

Friday, July 17, 2026

voestalpine Specialty Metals appoints Alexandre V. as General Manager for Singapore and Shanghai

Friday, July 17, 2026

Jindal Stainless supplies stainless steel for India's first hydrogen-powered train

Friday, July 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now