Peikko Group will open a new production unit in Dammam, in the Eastern part of the Kingdom of Saudi Arabia. The new premises of 3000 m2 will replace the previous small-scale workshop and warehousing there. The new production unit will focus on producing connection items used in precast construction, and the operation will employ some 30 people during the starting phase.
Peikko has operated in the Gulf region since 2008 and it has already a production unit in the United Arab Emirates which will continue its operation as before. The new Saudi Arabian production unit will improve delivery times and flexibility for Saudi Arabian customers, but also increase capacity in the Gulf area. When the new production unit in Saudi Arabia is in full operation, Peikko’s operations in the Gulf region employ some 150 people.
”The Saudi Arabian market is important for Peikko, as in global scale the precast industry’s share of the total market is large and the construction activity is on a high level. Local presence also with production operations means flexible, on-time and cost-efficient deliveries for our customers”, states Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001,
Paulius Bulota, General Manager, Al Rashed Peikko LLC / Peikko Gulf LLC, Tel. +966 54 727 2194 / + 971 50 6272 830, Email: firstname.lastname@example.org
Main media, Peikko websites
Peikko Gulf in brief:
Peikko Gulf is a joint venture formed by Peikko Group Corporation and Rashed Abdul Rahman Al Rashed & Sons Group, a dynamic trading and industrial conglomerate in Saudi Arabia. Peikko Gulf has two production facilities; Peikko Gulf LLC operates in Ras Al Khaimah Industrial Area in the United Arab Emirates and Al Rashed Peikko LLC operates in the Kingdom of Saudi Arabia. Further information: www.peikko.ae.
Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s net sales in 2013 were EUR 126 million. Peikko is a family-owned and run company with over 1000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.