Search SaudiArabiaPR.com

Home >> Business and Economy

Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Friday, February 23, 2018/ Editor -  

Share

Home >> Business and Economy

Expansion into the Kingdom Strengthens Two Decade Long Relationship with Home Centre

27 August, Dammam – KSA:  Intercoil International, UAE’s leading manufacturer, distributor and retailer of total sleep solutions across the MENA region, recently commenced operations at its new manufacturing facility in Dammam, Saudi Arabia. The firm’s entry into the Kingdom with an investment of 20 million SAR, marks a major milestone in the company’s growth outside the UAE.

The new state-of-the-art facility which, spans over a gross area of 7,000 sq. meters and mirrors its UAE facility, will manufacture a comprehensive range of orthopaedic mattresses. The facility will begin production with a daily capacity of 500 mattresses with plans to gradually double mattress capacity over the next three years.   

Hassan Al-Hazeem, Managing Director, Intercoil International, said: “We are very pleased to have commenced operations at our new production and distribution centre in Dammam.  Given its strategic location, the expansion will allow us to benefit from many opportunities that the Kingdom presents and will most certainly support and fuel our business growth, not only across the GCC but also across MENA and Levant. Additionally, this facility will enhance our competitiveness and allow us to increase our productivity, better our service, and shorten delivery lead times for our customers.”   

This year also marks the occasion of a successful 20-year relationship between Intercoil and Home Centre - a leading home retailer with a network of 100 stores across GCC, Egypt, Lebanon and India. In lieu of this significant milestone, Intercoil’s Dammam factory was inaugurated by Mederic Payne, CEO, Home Centre in the presence of other dignitaries.  

Mederic Payne, CEO, Home Centre, said: “Over the years, Intercoil and Home Centre have worked in partnership, continuously aligning business goals to deliver premium sleep solutions to consumers in the UAE and its neighboring markets.  This of course includes Saudi Arabia – a market that is key to both. Today, mattresses are the most sold item online in the home category. Given the strategic location of Intercoil’s new factory, various channels of distribution and overall demand, we are confident that the coming years will prove to be an exciting time with great potential for both companies. We look forward to continuing our successful partnership together with Intercoil as it leads the way with innovation.”  

Located in the Dammam second industrial area, the new manufacturing facility will serve Intercoil’s wide network of showrooms already operating around the Kingdom, in AlEhsaa, Dammam, Jubail and Khobar. The factory, which aims to support the high demand of the hospitality sector as well as Intercoil’s longstanding retail partners, will also cater to neighbouring countries including Bahrain, Kuwait, Jordan, Lebanon and Egypt. 


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Your Summer Starts at Radisson Riyadh

Lando Norris leads the way as Formula 1 roars into life in Jeddah

Brazil's Adoption of Electronic Air Waybill a Milestone for Modernization

Jewels of the World set to dazzle in Saudi Arabia with 4 shows across the Kingd ...

Diriyah Company Awards Construction Contract Worth $1.4 billion (SAR 5.1 billion ...

IATA Launches Information Portal for Live Animal Regulations

IATA Launches FACE Ambassadors Program to Attract Next Generation of Air Cargo T ...

Exported Containers Increase by 31.82% and Imported Containers by 7.78%

Saudi Arabia to showcase record tourism growth at ATM 2025, marked by a 16% incr ...

IATA Aviation Day MENA to Focus on Collaboration, Innovation and Harmonization

Where to Stay for the F1 Jeddah Grand Prix on 18th to 20th April

Sita and nec collaborate to drive global adoption of digital identities in trav ...

Second edition of saudifood manufacturing to spotlight megatrends & innovations ...

IATA's Contactless Travel Directory Eases Airline Access to Biometric Services

Swisslog solutions to power the future of food automation at Saudi Food Manufact ...

SAF Registry Goes Live

IATA Ground Handling Conference 2025 to Focus on People, Processes and Performan ...

Air Cargo Demand Declines Slightly in February

The Ultimate Eid Countdown: essence Launches the Eid Beauty Calendar in Collabor ...

SHEGLAM's Hydra Jelly Pocket Lip Jam Brings Gloss and Glow on the Go