SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia
Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Expansion into the Kingdom Strengthens Two Decade Long Relationship with Home Centre

27 August, Dammam – KSA:  Intercoil International, UAE’s leading manufacturer, distributor and retailer of total sleep solutions across the MENA region, recently commenced operations at its new manufacturing facility in Dammam, Saudi Arabia. The firm’s entry into the Kingdom with an investment of 20 million SAR, marks a major milestone in the company’s growth outside the UAE.

The new state-of-the-art facility which, spans over a gross area of 7,000 sq. meters and mirrors its UAE facility, will manufacture a comprehensive range of orthopaedic mattresses. The facility will begin production with a daily capacity of 500 mattresses with plans to gradually double mattress capacity over the next three years.   

Hassan Al-Hazeem, Managing Director, Intercoil International, said: “We are very pleased to have commenced operations at our new production and distribution centre in Dammam.  Given its strategic location, the expansion will allow us to benefit from many opportunities that the Kingdom presents and will most certainly support and fuel our business growth, not only across the GCC but also across MENA and Levant. Additionally, this facility will enhance our competitiveness and allow us to increase our productivity, better our service, and shorten delivery lead times for our customers.”   

This year also marks the occasion of a successful 20-year relationship between Intercoil and Home Centre - a leading home retailer with a network of 100 stores across GCC, Egypt, Lebanon and India. In lieu of this significant milestone, Intercoil’s Dammam factory was inaugurated by Mederic Payne, CEO, Home Centre in the presence of other dignitaries.  

Mederic Payne, CEO, Home Centre, said: “Over the years, Intercoil and Home Centre have worked in partnership, continuously aligning business goals to deliver premium sleep solutions to consumers in the UAE and its neighboring markets.  This of course includes Saudi Arabia – a market that is key to both. Today, mattresses are the most sold item online in the home category. Given the strategic location of Intercoil’s new factory, various channels of distribution and overall demand, we are confident that the coming years will prove to be an exciting time with great potential for both companies. We look forward to continuing our successful partnership together with Intercoil as it leads the way with innovation.”  

Located in the Dammam second industrial area, the new manufacturing facility will serve Intercoil’s wide network of showrooms already operating around the Kingdom, in AlEhsaa, Dammam, Jubail and Khobar. The factory, which aims to support the high demand of the hospitality sector as well as Intercoil’s longstanding retail partners, will also cater to neighbouring countries including Bahrain, Kuwait, Jordan, Lebanon and Egypt. 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 10654 times
PR Category : Banking & Investments
Posted on : Sunday, August 27, 2017  12:22:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Cerruti 1881 Infinite Love [35063-Views]
Oh, Sweetie Lipcolour! [30131-Views]
Express Your Signature Style [26720-Views]
The Memovox Adventure [23477-Views]
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN” [22538-Views]
Bath-time Essentials from Corine de Farme [20926-Views]
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Biennale Di Venezia [20726-Views]
Rasasi Introduces Exquisite Musk Collection [20693-Views]
Sharjah continues to become more affordable, with rents and sales prices falling – Bayut H1 report [20496-Views]
Celebrate the Moment with Mouawad Jewelry [14953-Views]
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule [13407-Views]
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreement For DKNY and Donna... [11632-Views]
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Selfie Game [11168-Views]
The #1 trick to capturing the best photo at night? The trick is the AI camera in HUAWEI P20 Pro [11066-Views]
Your search for the best gifts just got easier with SOUQ's Interesting Finds [10414-Views]
Skyline Suhoor Night 2018 [9336-Views]
Cerruti 1881 MOLVENO timepiece and cufflinks [8930-Views]
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers [8278-Views]
The Annual Skyline Iftar at Skyline University College [6904-Views]
Historic Day Marked by Female Racing Driver as Saudi Women Gain the Right to Drive [6695-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories