September 08, 2008

Hadeed posts record performance for 2007

Arab Steel reported that Al Tuwairqi Group’s Saudi Arabia based Saudi Basic Industries Company has posted a total sales of 4.659 million tonnes in 2007 u by 19% YoY as compared to 3.907 tonnes in 2006.

Hadeed’s sale of long products in 2007 was 3.227 million tonnes up by15% YoY as against 2.807 million tonnes in 2006 and sale of flat products was 1.432 million tonnes up by 30% YoY as against 1.100 million tonnes in 2006.

Mr Mohammad Saleh Al-Jabr VP for Metals in SABIC confirmed that these attained figures are considered one of the fruits of expansion in Hadeed company and are record figures in the history of Hadeed.