ThyssenKrupp Industrial Solutions to expand in MENA

ThyssenKrupp Industrial Solutions to expand in MENA
22 March 2016

Thyssenkrupp sees future growth in the MENA, and particularly in Saudi Arabia and Egypt, for its industrial solutions business area.

Boris van Thiel, thyssenkrupp's CEO of the MENA region, said thyssenkrupp sees a huge potential especially in the area of energy efficiency programmes and downstream value chains. Mr Van Thiel further said that the importance of the MENA region for its business cannot be overstated. “Already today, more than 20 per cent of our global sales are achieved in the region, and – together with our customers – we plan to grow further.”

The MENA regional cluster was established in Qatar to support the development of regional centres for technical solutions and implementation management and increase the company's local EPC competitiveness. The turnkey company has over 70 new employees – a rise of more than 40 per cent in the workforce in Egypt alone.

Mr Van Thiel said that thyssenkrupp's plant engineering operations in Egypt represent the company's largest resources in MENA and serve as an integrated EPC hub for the entire region. He pointed out that the focus is also on Saudi Arabia, which offers a range of opportunities to Thyssenkrupp to grow.

Only in November last year, Thyssenkrupp was awarded another contract from Yamama Saudi Cement Co, one of Saudi Arabia's biggest cement producers, to build two state of the art turnkey cement clinker production lines.

Published under Cement News