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ETE-TABALSA SIGNED JOINT-VENTURE AGREEMENT
Posted by Administrator (admin) on 12/02/2011
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The year 2009 marks another milestone for ETE Group of companies by forging a new  joint-venture agreement with one of Spain’s leading manufacturers of plastic pipes, as well as other elements for the conduction and protection of electrical cables, GRUPO TABALSA INVERSION S.L. It is a duly recognized and existing under the laws of Spain, with its principal headquarters in Barcelona, Spain.

TABALSA ARABIA is the new corporate name for the new joint-venture between the two companies. This additional line of business is an affirmation that ETE Group is poised to explore a new horizon, further strengthening its reputation in the construction industry in Saudi Arabia.

As such, ETE remains optimistic to stand still amidst the global economic challenges.

Driven by fast growing demands in Saudi Arabia, TABALSA ARABIA will set-up a large scale factory to be situated strategically in the Eastern Province  of Saudi Arabia. The future factory will produce high volume of plastic pipes, E.M.T.(Electrical Metallic Tube), and other electrical elements to enable the company to supply the domestic demand, and is also projected to tap GCC markets as its long term plan.

The factory will be designed in compliance with the international standards and will be fully equipped with state-of-the-art machineries to be manufactured all in Europe. To match its modern factory equipment and facilities, only those highly qualified and well-experienced  technical personnel will be selected to run and oversee the day-to-day operation; thus, keeping the company‘s legacy to deliver quality products coupled with professional services at par with international standards.

Last changed: 12/02/2011 at 3:13 AM