Caparo Middle East

Caparo Middle East announced the opening of a fully-integrated manufacturing plant in Dammam, Saudi Arabia, a joint venture with investor Sinan Ali Ahmed Bukamseen. The 30,000-sq-ft facility, Caparo Tabalsa Arabia Factory Company, represents an investment of SAR25 million ($6.6 million) and will produce about half a million electrical conduits and fittings per month at full capacity.