Peikko has made an agreement with its major subcontractor in the Gulf area, according to which a number of production machinery and close to 40 persons, including some key people, will move over to Peikko Gulf’s operations. This arrangement is part of Peikko’s expansion program of the Gulf operations.
Peikko Gulf has recently delivered several substantial orders such as; two kilometers of floor joints (TERA Joint) to Al Jedar company to their project in Khalifa Port, UAE, all concrete connections to beams and columns to Prainsa company to a large cement factory expansion in Saudi Arabia, and all concrete connections to beams and columns to Abu Dhabi Precast to a large shopping center in Abu Dhabi. Moreover, the very first locally manufactured Deltabeam delivery to Damman, Saudi Arabia, was made during late 2011.
“Peikko sees a lot of potential in the Middle East markets. We are continuing our investments to further develop and expand our localized operations to increase reliability and shorten delivery times. We are especially happy that local precasters have adopted the technological advantages of the bolted column and beam connections.” comments Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001,
Arto Pohjonen, General Manager, Peikko Gulf LLC, Tel. +971 504621102,
Distribution: Main media, Peikko websites
Peikko Gulf and Peikko Group in brief:
Peikko Gulf is a joint venture formed by Peikko Group Corporation and Rashed Abdul Rahman Al Rashed & Sons Group, a dynamic trading and industrial conglomerate in Saudi Arabia. Peikko Gulf has two production facilities; Peikko Gulf LLC operates in Ras Al Khaimah Industrial Area in the United Arab Emirates and Al Rashed Peikko LLC operates in the Kingdom of Saudi Arabia. Further information: www.peikko.ae.
Peikko Group Corporation is a leading global supplier of fastening products for concrete connections and composite beams. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in China, Europe, the Middle East, and North America, with manufacturing operations in 8 countries. Peikko’s net sales in 2011 exceeded EUR 105 million. Peikko is a family-owned company with over 800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.