RIFD Industry Group
Focus on downstream value chain petrochemical industries with emphasis on Engineering Thermoplastics (ETP)
Commodities vs. Specialty is the main subject now in plastic communities .. Rifd Industry Group via its Rifd Plastics Company ( www.rifdplastics.com ) strongly believes that both are important, as in petrochemicals, the value chain is the driver for the investment . Wherever value is created .. venture will be there.
We like plastics
Future materials will come from plastics. Germany claimed “Plastics” are the materials of the 21st Century.
Saudi Arabia and some private sectors have hugely invested in petrochemicals but mainly in prime, basic, and upstream petrochemicals where as of today the total petrochemicals productions in KSA reached 150 million metric tones per annum …. Rifd Industry Group via its Rifd Plastics Company ( www.rifdplastics.com ) is taking this golden opportunity to invest in downstream performance polymers and engineering thermoplastics industries utilizing the opportunity of the full integration of petrochemicals industries in Jubail Industrial City, Kingdom of Saudi Arabia.
A B2B project for compounding engineering polymers based on customers needs and applications is under execution stage… the supply agreement obtained from top polymers producer in KSA …. project construction has been commenced at site area of 15,000 m2 in Jubail Industrial city …. main equipment and technology identify from Europe … off-take agreements signed …. the project is fully supported by Saudi Basic Industries Corporation (SABIC) via their ‘Nusaned’ program. Equity fund has been secure with a reputed investors and debt fun has been commenced with SIDF where they will provide soft loan up to 50% of total project capital cost.
Filaments for 3D Printing
A project to produce filament from engineering thermoplastics completed and is under operation. The filaments are mainly used in 3D printing industries. The filament production factory is located in Riyadh city, Saudi Arabia.
News and Events
Rifd Industry Group via its RIFD ICON Engineering Company has obtained ISO-9001:2015 as part on of its quality management system in the category of “Engineering Consultancy, Procurement, and Project Managment Consutant (PMC).
Rifd Industry Company has received Professional Investment License from Ministry of Investment Saudi Arabia to open a joint-venture company with an Indian firm (ICON Industrial Engineering Services Private Limited). The JV company is called “Rifd ICON Engineering Company” which established under the law of Saudi Arabia will do many engineering services and consultancy in the
Rifd Industry Group via its Rifd Plastics Company resumes (as post COVID-19 activities) the construction activities for its Plastics Compounding Factory which located in Jubail Industrial City, KSA. The factory is designed to produce 15,000 tons of compounded engineering polymers. The factory will insha’Allah commissioned by Q1 of 2022.
Rifd Industry Group via its Rifd Copper Company has signed Letter of Engagement (LOE) with the global law firm Linklaters LLP to be the company’s legal advisor. Founded in 1838, Linklaters is a member of the “Magic Circle” of elite British-headquartered law firms. It currently employs over 2,900 lawyers across 30 offices in 20 countries.
Copper Smelter Project Status has been presented to His Excellency Eng. Osama bin Abdulaziz Al-Zamil
Rifd Industry Group via its Rifd Copper Company has the privilege to presentation Copper Smelter Project status to his excellency Eng. Osama bin Abdulaziz Al–Zamil, the vice minister of Industry and Mineral Resources, during his visit to Yanbu Industrial city, KSA. We are proud that our project was nominated by the Royal Commission among other
Rifd Industry Company continue to focus of Safety during the construction of its Rifd Pipe Factory in Jubail Industrial City, KSA. Safety signs were posted around the construction area for staff and labor adherence to a safe work practice. Rifd Pipe Factory is set to produce 15,000,000 meters of multilayer pipes per annum by Q1
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