CONSTRUCTION Products Holding Company (CPC) has undergone a restructure as it enters a new phase of expansion and growth across the region.

Founded in Saudi Arabia in 2005, CPC’s vision to be a one-stop shop for building materials has proven to be very successful, says director of business development Dr Faysal Alaquil.
“We launched CPC as an industrial arm of the Saudi Binladin Group (SBG) to serve developers and contractors as a single source for building materials,” he says, adding that since obtaining its commercial registration in 2007, CPC has achieved its goal of being a leading building materials specialist and has been rewarded for its achievements within Saudi Arabia and abroad.
He continues: “Within this short time, CPC and its affiliates have dominated major projects in the kingdom, providing over 80 per cent of the building materials to the Saudi markets. As a result of this success and due to the huge expansion of the company, CPC has now unified the strategic planning and management of its companies under the umbrella of CPC Holding.”
Under the new structure, the holding company will incorporate CPC Saudi Arabia, which is a limited liability company consisting of several factories and companies in the kingdom. Moreover, CPC Services has also been established, as well as CPC International, to supervise the company’s activities in Egypt, Syria, the UAE, Algeria and Qatar.
Alaquil continues: “CPC Saudi Arabia has recently expanded its affiliates with the addition of Vision Company for electrical and mechanical works, which recently two branches in Abu Dhabi and Qatar through a joint venture with Mimar of the UAE.
“In addition, several offshoots of Vision Company have been set up, including Fame, Vision Construction, Vision Networks, MTTS, and EFECO.
“Meanwhile, Sacodeco Company has taken over two branches in Jeddah and Riyadh, while Premco readymix concrete company is opening branches in Jeddah, Riyadh and Dammam and has become a partner in Rabegh Ready Mix Company. In addition, CPC Saudi Arabia has signed joint venture agreements with Kone for electrical elevators and escalators, and established a venture with Huta Foundation which specialises in offshore and inshore foundation work.”
CPC Holding’s services company, called CPC Services, owns shares in some of companies and has established two new companies, one specialising in equipment rental and the other in special finishes (FAST).
Meanwhile, CPC Industries – which set up Bahra Electric Cables in joint venture with Electricity House Company – is looking at setting up four new ventures focusing on cement, aluminium and steel.
The company has also entered into an agreement with Zahid Holding to form Wared Company for Transport and Logistics. An independent entity, Wared consists of four divisions:  Wared International which operates out of Egypt, Emirates and Syria, Wared for Transportation, Wared Express for courier services and Wared Distribution Centers which specialises in warehouse and storing.
CPC’s overseas arm CPC International is also on the expansion path across its areas of operations which include Egypt, Syria, the UAE, Algeria, Qatar and India.
“Focus Company, which specialises in the engineering drawings, has started operations in Egypt and India,” says Dr Alaquil. “Meanwhile we’ve established two companies in Egypt: CPC for Industrial Development and CPC–Egypt for investment. The core function of the former is to develop infrastructure on a 1.5 million-sq-m industrial plot located in the Sixth of October City. The land will be divided into three zones for textiles, food and building materials, and 250,000 sq m of this area will be dedicated for steel, aluminium, readymix, glass, paint and metal factories.”
In Syria, where CPC International is present as a joint venture with Arabian Roots Company and other Saudi and Syrian investors, the company is setting up a 550,000-sq-m complex in Adra Industrial Area at a cost of $110 million.
In the UAE, CPC–Emirates has bought an existing readymix and is currently setting up an industrial complex in Al Ain in order to provide building materials for projects in Abu Dhabi.
And in Algeria, CPC is setting up a venture on the lines of its operations in Egypt.
“The reason behind CPC’s successful growth and expansion is our high level of coordination and strong financial resources,” Dr Alaquil explains.  We believe in teamwork, and always evaluate the viability of any project we undertake.”
And with an eye on further growth, CPC has boosted its capital to SR1 billion ($266 million) with the possibility of offering a private placement in the future.
“CPC’s successful performance is the real strength of the company,” says Dr Alaquil. “This has given us the determination to enter new projects, to broaden our areas and expand. We have gained the trust of both investors and developers, and foresee tremendous opportunities for growth in the near future.”