CTCI/Chiyoda Joint Venture Titanium Sponge Plant Project in Yanbu Recognized as GCC Winner of 2019 MEED Projects Awards in the Industrial Project of the Year Category

CTCI/Chiyoda Joint Venture Titanium Sponge Plant Project in Yanbu, Saudi Arabia is selected as the GCC winner in the Industrial Project of the Year category of 2019 MEED Projects Awards, in association with Mashreq.

Taking advantage of the owner ATTM’s (Advanced Metal Industries Cluster Company Limited of Saudi Araba/Toho Titanium Co., Ltd. of Japan) state-of-the-art production technology and competitive energy costs in Saudi Arabia. Saudi Arabia has become the 7th country to produce titanium sponge in the world after completion of the project in 2017, and the plant is among the most cost-competitive titanium sponge plants in the world.

The Titanium Sponge Plant project was selected as one of the important projects in ”Saudi Vision 2030” which is planned to reduce Saudi Arabia's dependence on oil and expected to contribute for establishment of “Titanium Supply Chain” within Saudi Arabia for economic development.

In spite of facing various and unexpected difficulties, this project was successfully completed within Contract schedule, attaining mechanical completion ahead of schedule on 28 May 2017 and achieving a record of 7 million safe man-hours without any disabling injuries. 

In the first round of the competition, the project has been recognized as National Winner of Kingdom of Saudi Arabia in the category of Industrial Project of the Year of the MEED Project Award. Having been reviewed against other National Winners from across the GCC in the category, the project has been selected as the final winner of the GCC honour of the 2019 MEED Projects Awards on Apr. 24 at Dubai.

The success of the project has established CTCI's reputation and foundation for entering the Middle East's non-ferrous metal industry. Winning this honor has demonstrated CTCI’ capability to meet very stringent quality standards besides able to complete the project on time.

On behalf of CTCI, Chao-Wen Chen, Affiliate Managing Director of CTCI Arabia attended the gala ceremony to accept the GCC Winner award.

Chao-Wen Chen (right), Affiliate Managing Director of CTCI Arabia, and Mr. Suzuki (center), Managing Director of Chiyoda in KSA, accept the GCC Winner award.