Saudi: Trane, Dallah to build HVAC plant in KAEC
Trane and Dallah have signed a joint-venture agreement that will involve the development of a production facility in King Abdullah Economic City, Saudi Arabia
Trane and Dallah Trading Company have signed a joint-venture (JV) manufacturing agreement relating to the production of heating, ventilation, and air-conditioning (HVAC) products.
Under the terms of the deal, the two companies will develop a production facility in King Abdullah Economic City (KAEC), Saudi Arabia.
The Trane Dallah Manufacturing (TDM) plant will be used to manufacture customised and catalogue air-handling units (AHUs) and fan coils for HVAC customers in the Middle East and Africa (MEA) region.
The project is due to be completed before the end of 2017.
Commenting on the JV agreement, Johan Samuelsson, Trane’s MEA vice president and general manager, said: “Our expanded relationship with Dallah will bring us closer to our customers, which increases our responsiveness, speed-to-market, and competitiveness.
“We expect the facility to be completed in late 2017, and are excited about the opportunities it brings for the future.”
Ayman M Kamel, chairman of Dallah Trading Company, added: “We are pleased to establish a manufacturing facility in the Kingdom of Saudi Arabia with our long-term partner, Trane.
Our customers will appreciate the benefit from Trane quality products made in the region. This is one step closer towards our goal of making Dallah Trading the first-choice distributor for HVAC solutions in KSA.”
Trane, an Ingersoll Rand brand, is a global provider of indoor-comfort products and services. Products manufactured at the TDM facility in KAEC will have applications in the commercial, residential, hospitality, healthcare, and industrial fields.
Dallah Trading Company forms part of Dallah Al-Baraka Holding Company (DBHC), a private multinational corporation based in Jeddah, Saudi Arabia.