Thyssenkrupp invests to boost capabilities in region

RIYADH: German giant Thyssenkrupp kicks off an expansion plan with a strong push in their MENA, Saudi and Egypt operations especially in the industrial solutions business area.
With over 70 new employees — a raise of more than 40 percent in the workforce in Egypt alone — Thyssenkrupp is the only company to act as a full service EPC contractor for large scale industrial plants such as fertilizer complexes, refineries and petrochemical as well as cement plants.
This was disclosed by Boris van Thiel, Thyssenkrupp’s CEO of the MENA region.
Thiel said that Thyssenkrupp’s plant engineering operations in Egypt represent the company’s largest resources in MENA and serve as an integrated EPC hub for the entire region.
He pointed out that the focus is also on Saudi Arabia, which offers a range of opportunities to Thyssenkrupp to grow.
On the other hand, Egypt and MENA are an important focus of Thyssenkrupp’s business operations due to the emerging economic power and capabilities of the region for continuing industrial development.
As a consequence the MENA regional cluster, headed by Thiel, was established in Qatar to support the development of regional centers for technical solutions and implementation management and increase the local EPC competitiveness of Thyssenkrupp.
Given the growing need for diversification and modernization of the region’s industrial base, Thyssenkrupp sees a huge potential especially in the area of energy efficiency programs and downstream value chains.
Just in November last year, Thyssenkrupp was awarded another contract from Yamama Saudi Cement Company, one of Saudi Arabia’s biggest cement producers, to build two state of the art turnkey cement clinker production lines with a contract value in the higher three-digit million euro range.
Referring to the company’s operations in Egypt, Thiel said that Thyssenkrupp is proud of its long-lasting and strong ties to the fertilizer, refinery and petrochemical market.
As of today 15 out of the 16 fertilizer plants in Egypt are built by Thyssenkrupp.
In 2010, Thyssenkrupp commissioned its 350,000 t/y propylene plant for Egyptian Poly Propylene Company at Port Said.
Thiel, who heads the Industrial Solutions business area of Thyssenkrupp, further said that “the importance of the MENA region for our business cannot be overstated. Already today, more than 20 percent of our global sales are achieved in the region, and — together with our customers — we plan to grow further.”
He said: “As we know how important it is to understand the specific local needs and requirements of our clients, we further increase our local presence and expertise to provide reliable solutions for sustainable and long-term success.”
On Thyssenkrupp’s presence in the region, Thore Lohmann, CEO of Thyssenkrupp Industrial Solutions in Egypt, said: “Our partnership with companies in Egypt is built on a longstanding tradition of working together through thick and thin.”
He said: “With our reliable, highly efficient technologies, we are profiting from infrastructure expansion in many growth regions and at the same time contributing to the conservation of valuable resources to secure our clients success in their challenging future markets,” he explained.
Thyssenkrupp Industrial Solutions business area is a leading partner for the engineering, construction and service of all industrial plants and systems.
In addition to chemical, coke, cement and other industrial plants and refineries, its portfolio also includes mining, ore processing and port handling equipment along with corresponding services.