New Composites Venture of Nusaned Investment and Suhul Alkhalej

July 27 2020

Nusaned Investment, owned by SABIC, has signed a deal with Suhul Alkhalej for Industrial Development and Investment Company (Suhul Alkhalej). The new venture will own and operate a factory to manufacture wood-plastic composite (WPC) profiles for decking and cladding, WPC sheets, WPC doors and unplasticized polyvinyl chloride (uPVC) profiles for windows and doors.

The deal between Nusaned Investment, through Nusaned Fund managed by Albilad Capital, and Suhul Alkhalej factory will use eco-friendly compounds using SABIC raw materials, making the products more energy efficient than the traditional construction materials delivering Chemistry that Matters.

“The new venture fulfills Nusaned Investment’s mandate of investing in industrial SMEs in the Kingdom. It contributes to local content initiatives and business growth through export opportunities, all of which serve the economic diversification objectives of Saudi Vision 2030,” said Faisal Al-Bahair, VP, local content & business development unit and CEO of Nusaned Investment.

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