AKZONOBEL’s customers in Saudi Arabia can save up to 20 percent on customs duty when purchasing the ‘Made in Saudi’ Chartek epoxy passive fire protection products. This follows a recent announcement by the government lifting subsidies on 193 goods including building material products.
Chartek epoxy passive fire protection products are fully manufactured in AkzoNobel’s state-of-the-art plant in Dammam and are exempt from the hike in customs duty, otherwise applicable for similar imported products in the market. The plant is audited by major entities such as Lloyds, DNV and UL, assuring the premium quality of the products.
Andrea Meconcelli, Middle East Performance Coatings Director of AkzoNobel, said: “This is a welcome move that can benefit our customers in Saudi Arabia. Today, nearly 60 percent of our products ‘Made in Saudi’ are used in the construction, transport and infrastructure development sectors.
The exemption of customs duty will enable our customers to make significant savings in overall project cost.”
Through its manufacturing plant in Dammam, AkzoNobel has developed a strong localized supply chain in Saudi Arabia and throughout the region.
The plant has established a strong safety, quality and continuous improvement culture and AkzoNobel continues to invest in growth to generate attractive employment opportunities within the Kingdom.
AkzoNobel’s Chartek epoxy passive fire protection range includes Chartek 2218 and Chartek 1709. Many additional protective coatings offered by the company are locally manufactured and include products from the following product ranges Enviroline, Intertherm, Interline, Interthane and Intergard.
Since its first introduction in the 1970s, Chartek has been serving as the first choice for passive fire protection within the oil and gas industry worldwide.
