Al Rashed Peikko LLC, a 50-50 joint venture of Peikko Group Oy of Finland and Rashed Al Rashed & Sons Group of Saudi Arabia, was founded in summer 2008 with the objective of production and sales of various products of Peikko Group in the Gulf Area. During the past 1.5 years the company has started its activities and developed a customer base particularly in the pre-cast segment.
During late fall 2009 Al Rashed Peikko LLC started manufacturing activities in Ras Al Khaimah (RAK), an emirate in the northern part of the United Arab Emirates (UAE). The location was selected due to closeness to subcontractors as well as due to immediate availability of a suitable factory premises. Operations in Al Khobar, Saudi Arabia continue to be developed with regards to warehousing and certain manufacturing functions.
“Peikko Group is confidently continuing its growth in the Middle East. We see particularly the Saudi market growing this year. Peikko’s customers have been satisfied with the reliability and flexibility of our deliveries as well as with our local technical support, manufacturing and warehousing. Peikko is also proud to deliver construction accessory products to multiple pre-cast customers working on the biggest construction site in the region, the Princess Noura University project in Riyadh, Saudi Arabia” comments Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001
Arto Pohjonen, General Manager, Al Rashed Peikko LLC, Tel + 971504621102
Picture: Peikko’s facilities in Ras Al Khaimah
Peikko is a Finnish family-owned company specializing in composite beams and fastening products for concrete connections. Peikko Group Corporation has subsidiaries in Austria, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Russia, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Arab Emirates and the United Kingdom. The production facilities of Peikko Group are located in Finland, Germany, Lithuania, Russia, Slovakia, United Arab Emirates and the United Kingdom. Peikko Group employs more than 700 people. Further information: www.peikko.com, www.peikko.ae