IUTC, Now Operating Under the RAX Brand, Signs Strategic Joint Venture Agreement at SPARK

International Unions for Trading Co. (IUTC), now operating under the RAX brand, has signed a strategic joint venture agreement connected to King Salman Energy Park (SPARK) in the Eastern Province of Saudi Arabia.

The agreement marks an important milestone in RAX’s long-term industrial growth strategy, supporting the development of local manufacturing capabilities for critical water infrastructure solutions in the Kingdom.

The planned facility at SPARK is set to focus on the manufacturing of ductile iron pipe systems, supporting large-scale water transmission, wastewater, and infrastructure projects across Saudi Arabia and the wider region.

With a planned facility area of approximately 150,000 square meters and an investment exceeding USD 100 million, the initiative reflects RAX’s commitment to strengthening local industrial capacity, building resilient supply chains, and aligning global manufacturing expertise with local execution.

Through this joint venture, RAX and its strategic partners aim to support the localization of advanced pipeline manufacturing, including ductile iron pipes designed to meet the technical requirements of major infrastructure networks.

Located within SPARK’s integrated industrial ecosystem, the facility is positioned to benefit from advanced infrastructure, industrial connectivity, and access to a broader ecosystem supporting manufacturing, logistics, energy, and infrastructure sectors.

For RAX, the agreement represents more than an expansion milestone. It reinforces the company’s direction toward building a stronger industrial platform capable of supporting national infrastructure ambitions, enhancing technical capability, and contributing to Saudi Arabia’s broader localization and industrial development goals.

As the Kingdom continues to advance major infrastructure, water, and industrial development programs, RAX remains committed to delivering reliable solutions, building strategic partnerships, and supporting long-term value creation across critical sectors.