3M to set up $15m manufacturing plant in Riyadh

3M to set up $15m manufacturing plant in Riyadh
Updated 05 March 2014

3M to set up $15m manufacturing plant in Riyadh

3M to set up $15m manufacturing plant in Riyadh

A US company based in Riyadh plans to set up a manufacturing plant in the capital at an initial cost of $15 million.
Joaquin Delgado, executive vice president of 3M, told Arab News on Wednesday that his company hopes to produce consumer, electronics, and energy health care and industrial products at the proposed factory.
Delgado, who is on a brief visit to the capital also met with Deputy Health Minister Dr. Hamzah Al-Kosheim on Wednesday.
He said the manufacturing plant, to be located in the third industrial city of Riyadh, will start production in mid-2015. “We hope to manufacture some 12 products and will increase the number depending on the local demand,” Delgado said.
Initially, he said, the 3M manufacturing company will have around 100 employees who would include technical experts from 3M from various countries. “We plan to transfer the technology to the local leadership and follow the guidelines of the host country’s Saudization program,” he said, adding that every effort would be made to develop local leadership in all the activities of the company.
During his talks with the Ministry of Health officials, Delgado said he discussed a wide range of areas where the two parties could enter into cooperation agreements. These include infection control, critical and chronic cases, oral care, drug and delivery systems, food and drug safety and health information systems.
“Our mission is to help reduce health care-associated infections through innovative solutions. It is committed to providing customized solutions based on 3M diversified technologies that help improve business efficiency.” He pointed out that hospital-acquired infection leads to an annual death toll of 83,000 in the United States.
3M’s goal is to collaborate to deliver proven, innovative solutions to help prevent and treat critical and chronic conditions across the continuum of care.
Commenting on helping dental professionals to improve their patients’ oral health care, he said, “Our digital oral care department is committed to leading the digital transformation that is occurring in dentistry.”
3M, which has been functioning in the Kingdom for the last three decades, is a diversified technology company serving customers and communities with innovative products and services. Each of its six businesses has earned leading global market positions.
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M’s core strength is applying its more than 40 distinct technology platforms — often in combination – to a wide array of customer needs. With $29 billion in sales, 3M employs 80,000 people worldwide and has operations in more than 70 countries.