Alujain signs strategic partnership agreement with British A.B.G.

Alujain Corp. signed a strategic partnership agreement on April 8 between with A.B.G. Limited, a leading British company specializing in geosynthetics solutions, according to a statement to Tadawul.

A.B.G. is a subsidiary of BontexGeo, one of the major European manufacturers of geotextile fabrics and geotechnical products.

Under the partnership, Alujain will benefit from a range of advanced products and technical expertise from A.B.G., covering solutions from water drainage systems to erosion control and soil stabilization technologies. This enables Alujain to expand its portfolio with high-value technical products.

This partnership is expected to contribute to achieving the manufacturing and sustainable infrastructure goals outlined in Saudi Vision 2030, which encourages local innovation and maximizes value creation, the statement added.

Geosynthetics materials help reduce construction costs and the carbon footprint of projects. They also often lower maintenance costs and lead to longer-lasting infrastructure.

The agreement was made under the sponsorship and support of the National Industrial Development Center (NIDC), continuing from the agreement signed between Alujain and NIDC on August 24, 2023, which supports Alujain’s expansion plans for strategic polypropylene compounds, geosynthetics, and its research and development center.

Alujain is currently assessing the expected financial impact of the partnership and will announce it at a later time, the statement noted.