20 Jun Zenova has appointed a sub-distribution partner in Saudi Arabia
Zenova Group PLC, a provider of revolutionary fire safety and heat management technologies and products, has signed a sub-distribution agreement with the Ethmaar Investment Company to market its thermal insulation and fire protection products throughout Saudi Arabia.
The agreement will see Saudi customers given access to Zenova’s thermal insulation and fire protection products as Ethmaar’s relationships strengthen across Saudi Arabia. As a result of the agreement, Ethmaar has also purchased the first order of one container valued at GBP116,000 and will subsequently order a minimum of GBP1.2m worth of Zenova products within twelve months of the date of the agreement.
Tony Crawley, Chief Executive of Zenova Group PLC, said: ‘This agreement with Ethmaar represents a very important first step for Zenova into Saudi Arabia and we look forward to working with Ethmaar as we gain a foothold for our products in this jurisdiction where our products are much needed to tackle the issues that are increasing in their significance as the local authorities focus more on temperature management, energy conservation, safety and prevention of fire.”
Tariq M Barri, Managing Director of Ethmaar, said: “We are very pleased to be Zenova’s partner of choice in Saudi Arabia. Critically, by adding Zenova to our portfolio we can bring innovative and high performing building material with green credentials to the attention of organisations (government and private), and building owners to compliment design strategies that improve safety, performance and reduce our environmental impact.
“Zenova IP, Zenova FP and Zenova IR improve the thermal performance and fire protection on future builds as well as providing solutions that do not exist in many scenarios. Adding Zenova to our product offerings allows Ethmaar to offer quick, affordable, and ecological insulation and fire protection solutions.”