Alujain Corporation proudly declares the signing of a memorandum of understanding (MoU) agreement with Samvardhana Motherson International Limited, under the esteemed patronage of His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar Ibrahim Alkhorayef. This landmark agreement marks a significant milestone in the establishment of a manufacturing complex dedicated to specialized engineering and manufacturing plastic compounds.
The partnership between Alujain and Samvardhana Motherson International Limited underscores a crucial advancement in the localization of specialized plastic compound industries. This initiative aims to bolster support for spare parts industries, automotive sectors, and other specialized manufacturing industries. Such endeavors are in alignment with the overarching goals of the Kingdom's Vision 2030, which seeks to enhance the local content and capabilities of various industries, thus fostering sustainable economic growth and diversification.
