Work will begin soon on the 400,000-sq-m casting and forging facility in Ras Al Khair.
Doosan Heavy wins $834m forging plant deal
01 March 2022
South Korea’s Doosan Heavy Industries & Construction Company has secured a 1-trillion-won ($834 million) contract from Saudi-based Tuwaiq Casting & Forging for the construction of a 60,000-tonne-a-year plant in Ras Al Khair in the Eastern Province of the kingdom.
Tuwaiq Casting & Forging is a three-party joint venture between Doosan Heavy, Saudi Arabian Industrial Investments Company (Dussur) and Saudi Aramco Development Company, a wholly-owned subsidiary of global energy giant Aramco. It is set to be located within the King Salman International Maritime Industries Complex.
Work will begin soon on the 400,000-sq-m casting and forging facility and is due for completion in the first quarter of 2025, it said.
Equipped with integrated production lines, including steel making, casting and forging and processing, the plant is expected to be Saudi Arabia’s largest casting and forging facility.
Major product lines from the facility are expected to include casting and forging materials for pumps and valves used inpetrochemical plants and for equipment used in shipbuilding and offshore plants in Saudi Arabia. In the long term, the partners intend to expand the product mix of the facility to cover power generation plants and wind power plants.
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