{"id":98752,"date":"2025-07-15T00:00:00","date_gmt":"2025-07-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/15\/schneider-electric-launches-lauritz-knudsen-brand-in-saudi-arabia\/"},"modified":"2025-07-15T00:00:00","modified_gmt":"2025-07-15T00:00:00","slug":"schneider-electric-launches-lauritz-knudsen-brand-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/15\/schneider-electric-launches-lauritz-knudsen-brand-in-saudi-arabia\/","title":{"rendered":"Schneider Electric launches Lauritz Knudsen brand in Saudi Arabia"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/www.se.com\/sa\/en\/\" style=\"\" rel=\"noopener\">Schneid<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.se.com\/sa\/en\/\" style=\"\" rel=\"noopener\">er E<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.se.com\/sa\/en\/\" style=\"\" rel=\"noopener\">lectric<\/a><\/strong><strong> launched<\/strong><strong> its global brand <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lk-ea.com\/\" style=\"\" rel=\"noopener\">Lauritz Knudsen<\/a><\/strong><strong> in the Kingdom<\/strong>, offering solutions and equipment for low-voltage electrical distribution and automation, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/930.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Schneider acquired the India-based brand <a target=\"_blank\" rel=\"noopener\">in 2020<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Schneider + Saudi go way back:<\/strong> King Salman Energy Park (Spark) signed an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7368246c-54bb-4a67-80b6-3e0f6d43e5b5\/a-little-bit-of-everything#:~:text=SPARK%20set%20for%20new%20manufacturing%20facility\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7368246c-54bb-4a67-80b6-3e0f6d43e5b5\/a-little-bit-of-everything#:~:text=SPARK%20set%20for%20new%20manufacturing%20facility\" style=\"\" rel=\"noopener\">January 2024<\/a> with Schneider Electric to establish a 20k sqm advanced tech manufacturing facility \u2014 set to be completed by the end of this year \u2014 to produce high-tech systems, including distributed control, emergency shutdown, and compressor control systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Co<\/strong><strong>mpany for Hardware<\/strong><strong> (Saco) cancelled a SAR 50 mn credit facility with Saudi <\/strong><strong>Awwal Bank<\/strong> <strong>on Sunday<\/strong>, as the funds were not used, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88748&anCat=1&cs=4008&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Loan protections provided by Saco for the original agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6be7ec08-59d3-43f7-870e-c2509fcd9900\/\" style=\"\" rel=\"noopener\">signed in December<\/a> were, consequently, nullified, including a SAR 50 mn promissory note and mortgage on the company's warehouse in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Drillin<\/strong><strong>g extends Khafji Joint Operations contract:<\/strong> Arabian Drilling signed a three-year extension to its offshore drilling contract with Khafji Joint Operations, a joint venture between <a target=\"_blank\" href=\"https:\/\/www.agoc.com.sa\/#\/\" style=\"\" rel=\"noopener\">Aramco Gulf Operations<\/a> and <a target=\"_blank\" href=\"https:\/\/www.kgoc.com\/\" style=\"\" rel=\"noopener\">Kuwait Gulf Oil Company<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/14240_3703_2025-07-14_07-48-16_en.pdf\" style=\"\" rel=\"noopener\">disclosure to Tadawul (pdf)<\/a>. The contract adds between 8% and 12% of Arabian Drilling\u2019s 2024 revenue to its backlog.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian fertilizer firms <\/strong><strong>IPL<\/strong><strong>, <\/strong><strong>KRIBHCO<\/strong><strong>, and CIL signed an agreement with Maaden<\/strong> to import 3.1 mn metric tons of DAP fertilizer annually for five years, with an option to extend, according to a <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2144426#:~:text=The%20two%20Ministers%20also%20witnessed,extension%20of%20five%20years%20with\" style=\"\" rel=\"noopener\">statement<\/a> from India\u2019s Chemicals and Fertilizers Ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Arabian Drilling extends Khafji Joint Operations contract<\/p>\n","protected":false},"author":1,"featured_media":98753,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,961,10,1201,3477,3946],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-drilling","tag-enterpriseam-ksa","tag-expansion","tag-multi-business-group","tag-schneider-electric","wpautop","entry"],"acf":{"mongo_id":"3e0efa91-c307-436a-a82b-4494af679dec","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2434.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Schneider Electric launches Lauritz Knudsen brand in Saudi Arabia","related_issue":[98732],"teaser":"PLUS: Arabian Drilling extends Khafji Joint Operations contract","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.192f6893-ab40-4021-aa0b-1d6208334b6d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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