AME Info, Abu Dhabi, United Arab Emirates, manufacturing and industry briefs
(AME Info (Abu Dhabi, United Arab Emirates) Via Acquire Media NewsEdge) Jan. 19--SAVOLA REPORTS Q4 LOSS: Saudi Arabia's Savola Group has posted a Q4 loss. The company's net loss in the three months to December 31 amounted to SR464m compared with a profit of SR177m last year. Savola produces branded cooking oil and refined sugar.
CAVOTEC SECURES DEAL WITH SAUDI OGER: Global engineering group Cavotec MSL has secured an order with Saudi Oger, one of the largest construction companies in Saudi Arabia. The order includes 53 in-ground pit systems, 24 converters and associated material. The systems will be installed in two aircraft hangars in Riyadh and Jeddah.
NEW TRADE NAME AGREEMENT SIGNED IN DUBAI: The Dubai Department of Economic Development and Dubai Silicon Oasis Authority have signed an agreement to unify reservation procedures for trade names to avoid duplication across the emirate. DED will provide DSOA with a copy of its licensing system that records trade names and link them to the Department electronically. DSOA will ensure that the trade names are not duplicated before granting the preliminary approval.
LAFARGE TO BUILD ABU DHABI PLANT: Cement producer Lafarge is planning to set up a cement plant in Abu Dhabi through a joint venture with two Abu Dhabi-based investment companies, The National has reported. The company will team up with Al Ain International Group Holding and Novus Capital Holdings. Lafarge already has three concrete production plants in the UAE through its Dubai-based subsidiary, Readymix Gulf.
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