EXPAL SYSTEMS announced the signing of a Memorandum of Understanding (MoU) with Saudi Chemical Company Holding (SCCH) through its subsidiary Saudi Chemical Company Limited for the localization of ammunition filling.
The objective of this MOU is both companies to define a joint business model to localize the filling of artillery products in order to improve the service to the Saudi Armed Forces through the integration of supply chains and production capabilities.
With this agreement, EXPAL aims to increase its local presence in the Kingdom of Saudi Arabia in alignment with the Vision 2030 goals.
This announcement was made within the framework of the World Defense Show (WDS) which was held in the Saudi Capital Riyadh last week. EXPAL was present at the show as one of the main Spanish companies in the defense industry.
EXPAL is a global defense and security company offering high-end technology solutions for the Armed Forces’ current and future needs. We are a trusted ally in over 60 countries, adding safety, precision and advanced systems to any mission.
Saudi Chemical Company limited is the leading manufacturer of Civil and Military explosives. The company has three factories in Riyadh, Jeddah and the Northern Borders Area in addition to several distribution sites spread throughout different parts in the Kingdom in order to supply local and international markets with civil and military explosives and services.
Saudi Chemical Company continued to expand strategically and increase financial growth. Following vertical growth strategies to secure its supplies of raw material, the company established Suez International Nitrate Company in the Arab Republic of Egypt. Suez International Nitrate Company produces Ammonium Nitrates with a production capacity of 85,000 metric tons per year.
The company continues its ambition to implement its strategic objectives in diversifying its investments and services. Therefore, Saudi Chemical Company acquired and established several companies specialized in the distribution and manufacture of medicine, pharmaceutical products, medical materials and equipment.
Saudi Chemical Company limited is one of five companies owned by Saudi Chemical Company Holding, an Investment Company with more than four decades of success in Trading and Manufacturing with a capital of SAR 843.2 million Saudi Riyals (US$ 224.8 million).