Modern Factory For Steel Industries

What Modern Factory For Steel Industries does

Modern Factory for Steel Industries Co. Ltd. (MFSI) is a Saudi Arabian steel manufacturer established in 2003 and headquartered in Dammam's Second Industrial City on an 86,400 m² site. The company operates five core product divisions — rebar (welded wire mesh, straight bars, cut & bend), fencing systems (chain link, barbed wire, welded mesh, gates, boom barriers, guard rails), nails (bulk, wire, plastic, and paper collated), wires (galvanized, black, PVC, annealed, bailing, tie), and welding consumables (MIG/MAG wire and stick electrodes marketed under the WeldZ and WeldRely brands) — produced with state-of-the-art machinery from international OEMs and vertically integrated in-house fabrication including cutting, punching, roll forming, galvanizing, and QA testing.

MFSI serves primarily construction contractors in Saudi Arabia and exports selected product lines internationally. Its go-to-market is direct sales, organized by product division with regional offices in Dammam, Riyadh, and Jeddah, supplemented by participation in industry trade shows such as Big 5 Riyadh and the San Diego Exhibition. Revenue is generated through quote-based hardware sales with no publicly disclosed pricing. The company holds EN ISO 9001:2005 certification and prequalification approvals from Saudi Aramco, SABIC (Hadeed), the Royal Commission, the Ministry of Transport, and EAMANA, which function as material entry barriers in the Saudi institutional procurement market. Hadeed (SABIC subsidiary) serves as the primary raw material supplier, and MFSI operates as a member of the Prime Source Group conglomerate. Ownership is concentrated with General Manager and Owner Khalid AL-Dukhayyil, a former General Manager of AL-Fozan Steel Factory who built two prior factories in the same product category.

Name

Modern Factory For Steel Industries

Legal name

Modern Factory For Steel Industries Co. Ltd.

Website

https://mfsico.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Steel Products Manufacturing

NAICS

Fabricated Structural Metal Manufacturing (332312), All Other Fabricated Metal Product Manufacturing (33299)

SIC

Fabricated Structural Metal Products (3440), Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

akta.pro secondary industry

Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Steel rebar manufacturing
• Construction fencing systems
• Industrial wire products
• Construction nails supply
• Welding consumables manufacturing

Headquarters

HQ city

Dammam

HQ country

Saudi Arabia

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations

Revenue model

1. Steel Products Manufacturing & Sales: Manufactures and sells steel products including rebar (wire mesh, straight bars, cut & bend), fencing systems (chain link, barbed wire, welded mesh, gates, guard rails), nails (bulk, collated), wires (galvanized, black, PVC, annealed, bailing, tie), and welding wires (MIG/MAG, stick electrodes). Products sold domestically in Saudi Arabia and exported internationally.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels2 records

Core offering

Modern Factory For Steel Industries Co. Ltd. (MFSI) manufactures and sells steel products for the construction and infrastructure sectors, operating across five core product lines: rebar reinforcement (welded wire mesh, straight bars, cut & bend), fencing systems (chain link, barbed wire, welded mesh, gates, boom barriers, guard rails), construction nails (bulk and collated variants), industrial wires (galvanized, black, PVC, annealed, bailing, tie), and welding consumables (MIG/MAG and stick electrodes). The company serves construction contractors and infrastructure projects primarily in Saudi Arabia with international export capability.

Product overview

Modern Factory For Steel Industries Co. Ltd. (MFSI) is a Saudi Arabian steel manufacturing company established in 2003, operating as part of the Prime Source Group. The company operates a multi-division product portfolio organized into five core product lines: (1) Rebar Products including welded wire mesh, straight bars, and cut & bend reinforcement solutions; (2) Fencing Products encompassing chain link, barbed wire, welded mesh, industrial fence systems meeting various standards (ASTM, ARAMCO, HCIS), gates, boom barriers, and guard rails; (3) Nails including bulk, wire collated, plastic collated, and paper collated variants; (4) Wires including ladder mesh, black wire, galvanized wire, PVC wire, annealed wire, bailing wire, and galvanized tie wire; and (5) Welding Wires including MIG/MAG copper coated welding wire (WeldRely, WeldZ brands) and stick welding electrodes (WeldZ brand). The company serves the construction, infrastructure, and industrial sectors with products manufactured at their 86,400 m2 facility in Dammam's Second Industrial City.

Differentiator

Problem solved

Functional benefit

Brands

• WeldZ: Welding electrode brand for mild steel electrodes (E6013) and MIG/MAG copper coated welding wire (ER 70S-6). Produced for local and export markets.
• WeldRely

Products and services

• Rebar Products Steel reinforcement products including welded wire mesh, straightened bars, and pre-fabricated cut & bend components in black and epoxy coated finishes, supplied to construction contractors and infrastructure projects.
• Fencing Systems and Perimeter Security Products Comprehensive fencing and perimeter security solutions including chain link (galvanized and PVC coated), barbed wire, welded mesh (roll and sheet), industrial fence systems, sliding gates, boom barriers, and highway guardrails for industrial, commercial, residential, and infrastructure applications.
• Construction Nails Construction nails including bulk nails and wire, plastic, and paper collated variants in sizes 2D-60D, for framing, decking, sheathing, siding, crating, and pallet manufacturing applications.
• Industrial Wires Industrial wire products including ladder mesh, black wire, hot-dip galvanized wire, PVC coated wire, annealed wire, bailing wire, and galvanized tie wire for construction binding, fencing, packaging, and industrial applications.
• Welding Wires and Electrodes (WeldZ, WeldRely) Welding consumables including MIG/MAG copper coated welding wire (ER 70S-6, sizes 0.8mm-1.6mm, under WeldZ and WeldRely brands) and mild steel stick welding electrodes (E6013, sizes 2.5mm-5.0mm, under WeldZ brand) for ship building, construction, and automotive applications.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Saudi Iron and Steel (Hadeed/SABIC)coreStrategic or Co-development PartnerSaudi Iron and Steel (Hadeed), a SABIC subsidiary, is MFSI's main supplier for raw material. This partnership ensures consistent quality steel supply for manufacturing operations.
• Prime Source GroupcoreStrategic or Co-development PartnerMFSI is a member of Prime Source Group, Saudi Arabia, indicating a corporate grouping or alliance structure.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Saudi Iron and Steel Company (Hadeed): Hadeed is the dominant Saudi rebar and wire rod producer and a SABIC subsidiary. It competes with MFSI directly in rebar and welded mesh while also being MFSI's main raw material supplier, making it the most directly comparable player.
• Rajhi Steel: One of the largest Saudi manufacturers of rebar and steel wire products, serving construction contractors with a comparable multi-division product mix. Direct competitor to MFSI in the Saudi reinforcement and wire markets.
• Al-Ittefaq Steel Products Co. Major Saudi producer of rebar and fabricated steel products for construction and infrastructure. Overlaps with MFSI on rebar, welded mesh, and downstream steel products for the same contractor base.
• Bahra Steel: Saudi-based steel manufacturer producing rebar and related reinforcement products for the domestic construction sector, with comparable downstream distribution and contractor sales channels.
• AL-Fozan Steel Factory: Saudi steel manufacturer historically led by the same executive who founded MFSI. A long-standing direct competitor in rebar and wire products for the Saudi construction sector.
• Saudi Steel Pipe Company: Saudi manufacturer of steel pipe and related products serving industrial and construction buyers; comparable go-to-market via approved-supplier status with Saudi institutional customers.

Regional players

• Emirates Steel Arkan: UAE-based integrated steel producer of rebar, wire rod, and heavy sections. A principal regional player competing for GCC construction megaprojects alongside MFSI, but serving a different national market.
• Al-Tasnim Enterprises (Steel Division): Oman-based conglomerate with a significant steel products division serving GCC construction contractors. Comparable product portfolio of rebar, fencing, and fabricated steel products in an adjacent geography.

Broad incumbents

• Bekaert: Global leader in steel wire transformation products including galvanized wire, fencing, and welding consumables. Comparable on MFSI's wire, fencing, and welding consumables lines, though operating at a far larger global scale.
• Betafence: Worldwide fencing systems manufacturer with chain link, welded mesh, and high-security perimeter solutions. Overlaps directly with MFSI's fencing division products and customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modern Factory For Steel Industries