Maadaniyah adds a new line for twisted wires:

10/09/2013 Argaam

The national metal manufacturing and casting company (Maadaniyah) announced today on tadawul adding a new line for producing twisted wires at a total cost of SAR 45m with the following details:

30/9/2014

Scheduled project completion date

1/10/2014

Trial operations starts on

1/1/2015

Commercial operations starts on

Credit agreements and internal resources

Project’s finance sources

SAR 70m annually

Expected revenues when reaching designed capacity by 2016
 

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