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Argaam Tools ×
Explosives and Military Products Manufacturing Complex
Overview
Establishing an explosives and military products manufacturing complex with a total investment of over SAR 1 billion. The facility is wholly-owned by Saudi Chemical Company Ltd., a subsidiary of Saudi Chemical Holding Co.
Project Information
Industry
- Industrial Manufacturing > Chemicals > Other Chemicals
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Saudi Arabia
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-
Under Construction
Q1 2020
2024
-
The Company owns three major factories and warehouses in the central,
northern and western regions, as well as central distribution warehouses in the southern and eastern regions.
- The company announced that commercial operations will start in H1 2021.
- Northern Borders Area Factory started commercial operations with the renewal of the explosives manufacturing license for 5 years. The factory was established to serve mining projects and cement companies in the region.
- In Q2 2020, the company announced that in preparation for launching the military explosives unit in 2021, it completed the construction of the unit which includes manufacturing, marketing, sale and trade of civil and military explosives and its related services and solutions.
- In Q2 2021, the company announced that the project is 80% complete, expecting the project to be completed on June 30, 2022.
- The company announced that it completed the complex with regards to buildings, production lines and readiness of warehouses, and the start of operations will be announced after obtaining the approvals of the competent authorities, expecting it to be in Q3 2022.
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Owners
Name
Percentage
100.00%
Related Parties
Name
Role
Indirect Owner
Project Developments
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
Saudi Chemical begins trial ops at military industries complexArgaam03/05/2023
Saudi Chemical completes military industries complex, expects ops to begin in Q3 2022Argaam30/06/2022
Saudi Chemical finishes 80% of military industries complex, expects completion in June 2022 Argaam23/06/2021
A look at Saudi Chemical’s strategic, expansion plansArgaam Special08/04/2020
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