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Air Products-Abdullah Hashim Joint Venture to Provide ASUs for Shadeed Iron & Steel
01/29/2008 - Abdullah Hashim Group and Air Products form a joint venture to build two new air separation units for Shadeed Iron & Steel's production plant in the Sohar Industrial Port of Oman.
The Abdullah Hashim Group of the Kingdom of Saudia Arabia and Air Products have formed a joint venture to build two new air separation units (ASUs) for Shadeed Iron & Steel's production plant in the Sohar Industrial Port of Oman.
The new air separation units will supply oxygen and nitrogen for iron and steel production at the Shadeed Iron & Steel facilities in Sohar, Oman. They will be designed and engineered in the United Kingdom by Air Products,
"We have a 30-year relationship with the Abdullah Hashim Group, having supplied them with a number of air separation unit production facilities, and we regularly work together to supply ASUs to other clients in the region," explained Richard Boocock, Air Products' Vice President, Tonnage Gases, Equipment & Energy, Europe and Middle East.
The new units are scheduled to come on-stream in August 2008.
Shadeed Iron and Steel Co. is being set up by UAE-based Al Ghaith Holdings PJSC as Oman's first and the Gulf region's third iron and steel plant at an investment of some $750 million. The state-of-the-art production facility will comprise a 1.5 million tonnes/year DRI plant and steel meltshop of capable of producing 1.1 million tonnes/year of steel billets.
Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets. The company has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe.
Abdullah Hashim Group is a company of Abudullah Hashim Group, a privately-owned Saudi company that has been in business for more than half a century. With turnover in excess of USD 450MM, it employs more than 1700 people. The group's activities are in three main areas -- the import and distribution of industrial and automotive vehicles and equipment (including the agency for Honda cars and motorcycles in Saudi Arabia); the distribution of welding equipment and related supplies; and the manufacture and distribution of a wide range of industrial and medical gases, from four production plants and seven distribution centers.
