Canadian companies partner to build facility in Saudi Arabia
Burnaby, B.C.-based American Insulock, Inc. has signed a letter of intent to build a manufacturing facility in Riya...
October 27, 2008 by Canadian Plastics
Burnaby, B.C.-based American Insulock, Inc. has signed a letter of intent to build a manufacturing facility in Riyadh, Saudi Arabia. According to the company, the facility will allow the company to meet the significant building demand in the Middle East/Persian Gulf region.
Insulock is partnering with PolyLINK — a subsidiary of the Woodbridge Group — and Saudi Arabia-based contractor Al-Mobty Company to build the Insulock Block in Saudi Arabia. As part of the joint venture, PolyLINK will provide the technology and equipment, and Al-Mobty will provide the facility, working capital, construction expertise, marketing and regional relationships.
Insulock will provide the building technology, as well as new product development.
“When this management team identified the international opportunities and the significant demand in the Middle East/Persian Gulf region, we set a goal of being the major manufacturer and supplier of sustainable building material product for the region,” said American Insulock CEO Joel Borovay.
“This is the first step to achieving that goal. In addition, it has been our good fortune to have two great partners like PolyLINK and Al-Mobty Company who have recognized the Insulock block as a viable alternative to concrete and block construction,” he continued.
American Insulock primarily manufactures its brand of insulating concrete forms, made of Class-1 fire rated polyurethane, for the construction of sound walls and buildings.
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