Latest news with #Tasnee
Zawya
3 days ago
- Business
- Zawya
Saudi Arabia and China's Donghexin to launch region's first tinplate plant
Saudi's Tasnee and China's Shanghai Donghexin Group are partnering to set up the Middle East's first tinplate production facility in Ras Al-Khair Industrial City on the Kingdom's eastern coast, Chinese state-owned news agency Xinhua said on Wednesday. The facility, scheduled to start operations in mid-2027, will have an annual production capacity of 400,000 tonnes with 50 percent of the output earmarked for export, the Xinhua report said. The project aims to strengthen domestic supply chains in packaging and support key sectors such as food and beverage, paints, oils, and chemicals by providing coated and uncoated tinplate. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Argaam
12-05-2025
- Business
- Argaam
Tasnee shareholders OK 66.9M share buyback
National Industrialization Co.'s (Tasnee) said its shareholders approved the repurchase of 66.9 million shares to be held as treasury stock during an extraordinary general meeting (EGM) on May 11. In a statement to Tadawul, the company said its board believes the market price of the shares is below fair value. The buyback will be financed from internal resources. The board was authorized to complete the repurchase within 18 months from the EGM date. The company may retain the repurchased shares for up to five years from that date, after which it will comply with relevant laws and regulations regarding their disposal. Shareholders also elected the following board members for the upcoming four-year term starting July 6, 2025: Abdulaziz Al Mulhim, Talal Al Maiman, Abdularahman Al Sayyari, Ahmad Al Humaidan, Mohammed Al Haqbani, Fahad Al Mishal, Fawaz Al Fawaz, Musaab Al Muhaidib, Ahmed Al Theabi, and Muath Al Zamil. In addition, shareholders gave a nod to amending Article 4 of the Bylaws related to the company's purposes.
Zawya
24-04-2025
- Business
- Zawya
Descon secures engineering services contract for Tasnee projects
Abu Dhabi-based Descon Engineering Arabia has announced that it has secured a multi-year general engineering services (GES) contract from Tasnee, one of the largest producers of petrochemical products in Saudi Arabia. This is the group's first major contract win in the Kingdom of Saudi Arabia, said Descon in a statement. As per the deal, it will provide basic engineering, Front-End Engineering Design (FEED) and detailed design services to support Tasnee's key projects in the kingdom over the next three years. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
23-04-2025
- Business
- Trade Arabia
Descon secures engineering services contract for Tasnee projects
Abu Dhabi-based Descon Engineering Arabia has announced that it has secured a multi-year general engineering services (GES) contract from Tasnee, one of the largest producers of petrochemical products in Saudi Arabia. This is the group's first major contract win in the Kingdom of Saudi Arabia, said Descon in a statement. As per the deal, it will provide basic engineering, Front-End Engineering Design (FEED) and detailed design services to support Tasnee's key projects in the kingdom over the next three years.- TradeArabia News Service Tags:
Observer
12-04-2025
- Business
- Observer
Oman's first RO membrane manufacturing plant launched
MUSCAT, APRIL 12 In a significant stride toward industrial self-reliance and water sustainability, local start-up Tasnee has successfully developed Oman's first locally manufactured reverse osmosis (RO) membrane — the result of four years of dedicated research, real-world testing, and innovation. This homegrown achievement marks a turning point in the Sultanate of Oman's water treatment sector, aligning with Oman Vision 2040's goals of economic diversification, technological advancement, and reduced import dependency. 'It's easy to assume membrane production is straightforward, but the reality was full of challenges,' shared Dr Salim Abdulla al Wahebi, founder and CEO of Tasnee. 'We had to build everything from the ground up — from the right formula and raw materials to performance testing and field trials.' The journey began at the Masirah Island desalination plant, where Tasnee trialed prototypes under extreme conditions. High salinity, fluctuating temperatures, and component degradation tested the membrane's resilience at every stage. 'Sometimes parts were damaged, and we had to go deep into root cause analysis — asking why it happened, what needed to change, and how to fix it. We revised formulas, changed materials, even redesigned parts. It was a huge learning curve,' Dr Salim recalled. After numerous iterations and continuous fine-tuning, the final membrane formula was stabilized over a nine-month success streak. Tasnee's team not only improved performance but also exceeded their initial targets. The membrane now demonstrates strong rejection rates, durability in harsh conditions, and optimal efficiency for seawater desalination, municipal, and drinking water applications. Raw material procurement played a critical role, requiring a global search to meet Tasnee's high-performance benchmarks. With supply chains secured and manufacturing lines optimized, full-scale production began in 2025. Today, the RO membrane is being leveraged as a key contributor to Oman's In-Country Value (ICV) strategy, replacing imported alternatives and strengthening national capability. Tasnee is currently focused on local utilization, with plans to expand across the GCC and eventually into international markets. This achievement reinforces Oman's growing reputation as a regional leader in sustainable water solutions — driven by innovation, persistence, and a long-term vision for self-sufficiency.
