Logo of Wafrah for Industry and Development Co.
Wafrah for Industry and Development Co. started trial operations of highly automated lines for processing and packaging frozen and cooked meats.
In a statement to Tadawul, the company pointed out that the project is 95% completed, and will be 100% ready by Jan. 20, 2024.
The delay was attributed to the manufacturer’s failure to timely deliver some important supporting equipment necessary to operate the main production lines for reasons relating to the manufacturer and technical additions to the production lines to suit the targeted sectors in the market.
The financial impact is expected to appear starting from Q1 2024, the statement added.
In August 2022, Wafrah signed a contract valued at €3.97 million (SAR 15.28 million) with GEA Food Solutions to manufacture and supply highly automated lines for processing and packaging frozen and cooked meats, according to data available with Argaam.
Comments
{{DisplayName}}
{{ElapsedTime}}