Process control and industrial automation provider Yokogawa announced on Tuesday the launch of technology manufacturing centre at the King Salman Energy Park (SPARK) Digital Hub in Saudi Arabia.

The 12,000 square metre facility will manufacture analyser systems, transmitters and control systems panel assemblies to meet domestic demand as well as for export to GCC, Middle East and Africa, the company said in a press statement.

"As the first ever analyser OEM investment in Saudi Arabia for analyser system integration, the centre will also provide localised analyser system integration facilities to the Middle Eastern and African region," the statement said.

The new facility, according to the statement, will boost Yokogawa’s pressure and temperature transmitter manufacturing capacity in the Kingdom from 10,000 to 20,000 transmitters annually.

The statement didn't disclose the investment value.

"Projects within the Kingdom and the region will benefit from the facility through faster turnaround in shipment, availability of local support, and better costs," the company statement said, adding that the centre will contribute to Saudi Vision 2030 by promoting a knowledge-based economy and local value maximisation.
 
(Writing by SA Kader; Editing by Anoop Menon)
 
 
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021