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Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has partnered with Yusuf Bin Ahmed Kanoo Company Ltd (YBA Kanoo) to form a joint venture in Dammam, Saudi Arabia. The new entity, YBAK Unimech Advanced Manufacturing Solutions, will see Unimech hold 51 percent and YBA Kanoo 49 percent. With a phased investment of around USD 30 million, the facility will provide advanced CNC machining and API compliant remanufacturing services for the local oil and gas sector. The venture is projected to generate USD 80 million in cumulative revenue over five years and supports Saudi Arabia's industrial localisation objectives.
Unimech Aerospace and Manufacturing Ltd, a Bengaluru-based precision engineering company, has entered into a joint venture with Yusuf Bin Ahmed Kanoo Company Ltd (YBA Kanoo) to strengthen its operations in the Middle East. The new company, YBAK Unimech Advanced Manufacturing Solutions, will be located in Dammam, Saudi Arabia. Unimech will hold a 51 percent stake, while YBA Kanoo will hold 49 percent.
The joint venture involves a phased investment of about USD 30 million to establish a greenfield advanced manufacturing and remanufacturing facility. The facility will be developed in stages, initially focusing on advanced CNC machining and later expanding to API-certified remanufacturing and repair services. Customer audits and qualification processes will begin after commissioning.
Anil Kumar Puttan, Chairman and Managing Director of Unimech, stated that the JV reflects a deliberate expansion of the company's energy business and aligns with Saudi Arabia's focus on industrial capability development. The move is in response to growing local demand for precision machining, repair services, and API-certified manufacturing in the region.
Ali Abdulla A Kanoo, Chairman of YBA Kanoo Saudi Arabia, highlighted that the partnership demonstrates the company's commitment to sustainable and value-adding manufacturing in the Middle East. Unimech contributes technical expertise and execution experience, while YBA Kanoo provides strong regional market access and long-standing client relationships.
The joint venture is expected to serve as a platform for future expansion into adjacent industrial and energy segments. By combining Unimech's engineering capabilities with YBA Kanoo's regional presence, the partnership aims to strengthen supply chains and support localisation initiatives in Saudi Arabia's oil and gas sector.
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