Unimech signs JV with YBAK for Saudi Arabia precision manufacturing facility
UNIMECH · price
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Unimech signed a JV with Saudi Arabia's YBAK on Jan 20, 2026 to build a precision machining and remanufacturing facility in Dammam. Unimech holds 51%, YBAK 49%. The unit will serve oil and gas and allied energy sectors. Investment up to USD 30 million phased over time. Projected revenues about USD 80 million over 5 years, from USD 1 million in Year 1 to USD 30 million by Year 5.
Strategic expansion of Energy vertical with controlling stake, adding a new revenue stream. Execution and ramp up risks in a new market remain.