Tadweeer operates iron production line, sees SAR 100 mln revenue growth in 2023

30/04/2023 Argaam

Tadweeer operates iron production line, sees SAR 100 mln revenue growth in 2023

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National Environmental Recycling Co. (Tadweeer) announced the start-up of an iron production line, as part of its continuous efforts to meet its customer demand.

 

This line is one of the new projects that are part of Tadweeer’s strategic plan to expand in various types of minerals products and support a circular economy, the company said in a statement to Tadawul today, April 30.

 

The new production line operates with a capacity of 120,000 tons annually. It will be a major addition to the company’s capacity and will contribute to increasing its market share in the recycling sector.

 

It is also expected to boost Tadweeer’s revenue by SAR 100 million this year, and by SAR 160 million annually from 2024 and beyond.

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