Asian contractors win $290m Saudi Tasnee project

27/04/2015 06:35 AST

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary.

The two contractors are expected to finish construction of the plant in Yanbu on the Red Sea coast in the first half of 2017, with trial and commercial operations due in the third quarter of that year, Tasnee said in a statement on Sunday.

The plant, which will cost an estimated $290 million, is to have an annual capacity of 15,600 tonnes. Titanium sponge is an intermediate product that is purified into ingots and mill products.

Tasnee and Cristal each have a 32.5 per cent stake in the project, while Toho Titanium has 35 per cent.


Reuters

News

Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

04/03/2026

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industr

Trade Arabia

Tasnee Q1 net loss narrows, ahead of forecasts

18/04/2016

Saudi Arabia's National Industrialization Co (Tasnee) posted a narrower first-quarter net loss, beating analysts' forecasts due to higher sales volumes and not suffering the same negative impact from

Reuters

Tasnee slumps to Q3 net loss on lower sales, prices

20/10/2015

Saudi Arabia's National Industrialization Co. (Tasnee) swung to a loss in the third quarter as it was hit by both lower sales and prices.

Tasnee, which had reported losses in the preceding t

Arab News

Most Viewed Companies

Ticker Price Volume

Valuation

TASNEE Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 61.65 -1.45 (-2.30%)
SABIC 53.45 0.05 (0.09%)
SABICAGRINUTRIENTS 125.00 0.00 (0.00%)
LUBEREF 126.60 4.30 (3.51%)
YANSAB 29.40 -0.02 (-0.07%)

Recent News

OQEP, Turkish Petroleum secure Block 80 concession

25/06/2026

Oman's Ministry of Energy and Minerals on Wednesday signed an Exploration and Production Sharing Agreement (EPSA) for offshore Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore a

Muscat Daily

NBK continues to enhance its premium banking services, offers exclusive benefits

25/06/2026

In line with its commitment to meeting the aspirations of its diverse customer base and providing a comprehensive banking experience that meets the highest standards of quality and innovation, Nation

Kuwait Times

'Converting to a Sustainable Path': GBK achieves significant reduction in carbon emissions in 2025

25/06/2026

Mnakh Research & Studies highlighted a number of notable achievements featured in Gulf Bank's 2025 ESG Report, titled "Converting to a Sustainable Path." The report covers the Bank's operations in Ku

Kuwait Times

Zain showcases expertise to support leadership growth in Kuwait oil sector

25/06/2026

Zain Kuwait held a specialized training program titled 'Executive Pitching & Innovation Tools for Strategic Problem-Solving' for a group of senior talent from Kuwait National Petroleum Company (KNPC)

Kuwait Times

e& unveils OneWork for secure sovereign collaboration in the UAE

25/06/2026

e& UAE, the flagship telecom arm of global technology group e&, has announced the launch of OneWork, a fully sovereign, cloud-based unified communication and collaboration platform built within the U

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap