Latest news with #SIPCO
Business Wire
4 days ago
- Business
- Business Wire
Vietnam's SIPCO Wins Global Award in Dubai for Large-Scale Clean Water Innovation
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Vietnam's Sustainability Investment Promotion and Development Joint Stock Company (SIPCO) has been named first runner-up in the Innovative Projects Award (Large Projects category) during the fourth cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. The award, with a total prize pool of USD 1 million, is supervised by the UAE Water Aid Foundation (Suqia UAE) under the Mohammed bin Rashid Al Maktoum Global Initiatives. It honours scalable, sustainable solutions powered by renewable energy to tackle water scarcity. SIPCO was honoured for its large-scale ceramic coating nano-silver pot filter (CSPF) programme, a high-impact initiative aimed at delivering safe drinking water to vulnerable schools and communities across South-east Asia. The clay-based filters, infused with nano-silver to improve antibacterial and antiviral performance, remove bacteria, viruses and sediments from contaminated sources such as rivers, wells and rainwater. Capable of filtering two to three litres an hour, each unit is designed for household and school use and lasts up to 10 years with periodic replacement of the clay pot component. The filters are manufactured in a high-capacity automated facility capable of producing 120,000 units a month. SIPCO's programme has so far delivered over 1.8 million units, benefitting 13.7 million people, including 1.7 million households and 6,000 schools, and generating an estimated 23.15 billion litres of clean water annually. Moreover, the project has contributed to a reduction of 1.8 million tonnes of CO 2 emissions and generated verified carbon credits under the Clean Development Mechanism and Verified Carbon Standard frameworks. SIPCO works in partnership with organisations such as the Red Cross and engages local communities in the production, distribution and maintenance of the filters, creating sustainable economic opportunities in Vietnam, Laos and Cambodia. 'The water crisis is a serious threat to human health as it leads to the spread of disease. Addressing this challenge requires collective action. No single individual, company or organisation can solve it alone. We must come together and work in unity to find sustainable solutions. Receiving this award has been a powerful source of encouragement, boosting my confidence to continue my research and develop new innovations and technologies that can help tackle water scarcity,' said Hoang Anh Dung, Chairman and CEO of SIPCO.
Yahoo
4 days ago
- Business
- Yahoo
Vietnam's SIPCO Wins Global Award in Dubai for Large-Scale Clean Water Innovation
DUBAI, United Arab Emirates, June 12, 2025--(BUSINESS WIRE)--Vietnam's Sustainability Investment Promotion and Development Joint Stock Company (SIPCO) has been named first runner-up in the Innovative Projects Award (Large Projects category) during the fourth cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. The award, with a total prize pool of USD 1 million, is supervised by the UAE Water Aid Foundation (Suqia UAE) under the Mohammed bin Rashid Al Maktoum Global Initiatives. It honours scalable, sustainable solutions powered by renewable energy to tackle water scarcity. SIPCO was honoured for its large-scale ceramic coating nano-silver pot filter (CSPF) programme, a high-impact initiative aimed at delivering safe drinking water to vulnerable schools and communities across South-east Asia. The clay-based filters, infused with nano-silver to improve antibacterial and antiviral performance, remove bacteria, viruses and sediments from contaminated sources such as rivers, wells and rainwater. Capable of filtering two to three litres an hour, each unit is designed for household and school use and lasts up to 10 years with periodic replacement of the clay pot component. The filters are manufactured in a high-capacity automated facility capable of producing 120,000 units a month. SIPCO's programme has so far delivered over 1.8 million units, benefitting 13.7 million people, including 1.7 million households and 6,000 schools, and generating an estimated 23.15 billion litres of clean water annually. Moreover, the project has contributed to a reduction of 1.8 million tonnes of CO2 emissions and generated verified carbon credits under the Clean Development Mechanism and Verified Carbon Standard frameworks. SIPCO works in partnership with organisations such as the Red Cross and engages local communities in the production, distribution and maintenance of the filters, creating sustainable economic opportunities in Vietnam, Laos and Cambodia. "The water crisis is a serious threat to human health as it leads to the spread of disease. Addressing this challenge requires collective action. No single individual, company or organisation can solve it alone. We must come together and work in unity to find sustainable solutions. Receiving this award has been a powerful source of encouragement, boosting my confidence to continue my research and develop new innovations and technologies that can help tackle water scarcity," said Hoang Anh Dung, Chairman and CEO of SIPCO. Source: AETOSWire View source version on Contacts Seen MediaMariam Mikhail+971 50 949 6795info@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Zawya
19-02-2025
- Business
- Zawya
SIPCO acquires Premium Paints to strengthen local production and expand Saudi market presence
Dubai, UAE: Saudi Industrial Paint Company (SIPCO), a subsidiary of Kaizen Paint Middle East (KPME), has acquired full ownership of Premium Paints Company (PPC), a Saudi-based coatings manufacturer previously a joint venture between Red Sea Building Materials & Equipment Trading Co. and Sherwin-Williams Company. The acquisition comes as Saudi Arabia accelerates its Vision 2030 agenda, driving a construction boom through large-scale infrastructure and urban development projects. SIPCO is set to expand its footprint in the Kingdom through this acquisition, increasing production capacity, advancing localization efforts, and delivering high-quality decorative coatings for residential, commercial, and industrial applications. SIPCO will also expand its R&D capabilities, introduce new formulations suited to the region's climate, and drive sustainability through eco-friendly, durable coatings. Local contractors, developers, and homeowners will benefit from a wider range of high-performance decorative coatings designed to withstand the region's climate while meeting global quality standards. 'This is more than expansion; it's an investment in the future of Saudi Arabia,' said Ameer Hamza Hassan, Group CEO of Kaizen Paint Middle East (KPME). 'SIPCO has a strong legacy in industrial coatings, and with Premium Paints now part of our family, we are bringing the same innovation and quality to the decorative segment. This acquisition strengthens our local manufacturing capabilities, keeps us closer to our customers, and allows us to deliver superior products faster while supporting the Kingdom's drive for economic self-sufficiency.' Mamoon Ali, Country Manager of SIPCO, emphasized the strategic impact of the acquisition. 'This move strengthens SIPCO's role in supporting Saudi Arabia's localization agenda, ensuring faster production, reduced reliance on imports, and tailored solutions for large-scale projects. Expanding local manufacturing enhances supply chain efficiency, quality control, and accessibility; critical factors as the Kingdom pushes forward with its ambitious infrastructure goals. Beyond serving the growing demand, this investment contributes to economic diversification and job creation.' High-quality coatings are essential for durability, safety, and efficiency across real estate, oil and gas, power generation, water and wastewater, and construction. Decorative and protective coatings enhance aesthetics and weather resistance in buildings, while corrosion-resistant paints protect oil and gas infrastructure from extreme conditions. In power generation, heat-resistant coatings prevent thermal damage, and in water and wastewater facilities, chemical-resistant paints safeguard against leaks and contamination. As a leading manufacturer of high-performance coatings, SIPCO plays a vital role in delivering trusted, industry-compliant solutions that ensure long-term protection and reliability for critical infrastructure. About SIPCO SIPCO, a subsidiary of Kaizen Paint Middle East (KPME), is a leading manufacturer of high-performance coatings and industrial paints, delivering innovative solutions for infrastructure projects, oil and gas, power generation, water and wastewater, and various other sectors. About Premium Paint Company Premium Paint Company is a Saudi Arabia-based coatings manufacturer, specializing in high-quality decorative paints. The company offers a diverse range of interior and exterior coatings tailored to residential, commercial, and industrial applications. Media Contact: Amber Dale / Zayyen A. Haider amberdale@ zayyenhaider@
