Ma’aden and SNAM ink cooperation agreement to increase aluminium content in vehicles

<p>The Saudi Arabian Mining Company (Ma&rsquo;aden) and the Saudi Arabia National Automotive Manufacturing Company (SANAM) has inked an agreement for increasing aluminium usage in automotive industry in Saudi Arabia.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Economy_10_2-9-640x411.jpg" alt="news" width="517" height="226" /></p> <p>Khaled S. Alohali, Ma&rsquo;aden Vice President of Strategy and Aluminium said, &ldquo;Ma&rsquo;aden and SANAM are united in our goal of increasing the use of aluminium in the automotive industry as an alternative to iron. Ma&rsquo;aden operates one of the world&rsquo;s largest fully integrated aluminium complexes and we are currently supplying Jaguar Land Rover with high quality auto sheet product from our world class rolling mill facility.&rdquo;<br /> <br /> Ma&rsquo;aden Aluminium, a multi-billion dollar joint venture between Ma&rsquo;aden and global aluminium leader Alcoa Corporation, manufactures aluminium products for worldwide customers.</p> <p>{googleAdsense}</p> <p>The joint venture which has already fetched class aluminium production technology and attracted the expertise to the Kingdom is now prepared to assist the Saudi automotive industry in its goal to build a modern auto industry in Saudi Arabia.<br /> <br /> Dr. Fahd S. Al-Dohish, President and CEO of SNAM, said, &ldquo;We are excited about launching a world class factory for the manufacturing of automobiles and automotive parts within the industrial city of Jubail.&rdquo;</p> <p>&ldquo;In the next few years, we plan to put Saudi Arabia on the global map of automotive manufacturing, in direct support of the goals identified in Saudi Vision 2030,&rdquo; he concluded.</p>