Maadaniyah’s stranded wire unit goes on stream in October

National Metal Manufacturing and Casting Company (Maadaniyah) is to start the commercial production of its new stranded wire production line on October 1^st, 2014.

The financial impact of the new line will start gradually from Q4-2014; the company said in its filing to Tadawul today, adding that the line was supplied and installed by Mario Frigerio Italian Company.

According to Argaam; The Company’s board decided in September 2013 to add a new stranded wire production line with a total cost of SAR 45 million.