Al-Jouf Cement expects to start up its alternative energy project on June 15 to help boost its revenue and sustain existing production capacity.
The project, which will be finalized in March 2015 with a total cost of SAR 25.9 million, is being financed by the company’s own resources and bank loans, said the company in a filing on Tadawul.
The project will add around SAR 15 million to the company’s revenue as of June 30, 2014, and will be implemented by China’s CDI.
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