Zahid Tractor has announced that it has incorporated a new joint venture, equally owned with Stetter GmbH of Germany under the name of Stetter (Arabia) Limited to be based in Jeddah, Saudi Arabia.
Stetter GmbH is a wholly owned subsidiary of Schwing GmbH. The Schwing Group is a market leader in concrete – from the batching, mixing, icing, transporting, pouring of fresh concrete through to recycling residual concrete. Stetter is renowned for, in particular, its transit mixers and batching plants.
Stetter (Arabia) will market and sell these state-of-the-art and durable products along with the newly added products of ‘Stetter Cooling Systems’. Furthermore, the joint venture will also assemble the transit mixers locally, as well as offer after-sales services in support of all Stetter products sold throughout the rest of the GCC, which includes Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates and Oman.
This latest joint venture brings products that will invariably complement many of the other construction industry products marketed and sold by the Zahid Group of Companies.
Nasser Bayram, Director of Zahid’s Commercial Vehicles Division, said, “We look forward to serving our valued customers with technically advanced products from Germany and supported with exceptional service. Stetter (Arabia) is planning to launch operations in January 2011. Our Division, who has handled Stetter products sales and after-sales services to date, will continue to do so until the joint venture company is operational”.
For further information about Stetter products please visit http://www.stetter.de/frames.asp?f=produkte&l=en