Zahrat Al Waha launches ops at preform line, installs printing & packaging lines

Logo of Zahrat Al Waha for Trading Co.

Zahrat Al Waha for Trading Co. started production and commercial sales for one production line for plastic bottle preform, the company said in a statement to Tadawul.

The step is part of the capital expansion plan, which aims to increase production capacity to meet market demands and customer needs.

In a separate statement, the company announced the completion of the installation work and the success of operating tests for both the printing line and the two packaging lines (shrink and stretch film) within the capital expansion plan.

The commercial sale of the printing and packaging segment is expected to start during the third quarter of 2024.

The capital expansion plan was funded from its own cash to reduce financing costs. These expansions aim to diversify and increase sources of income, profitability, financial solvency, as well as maximize shareholders' equity.

According to data compiled by Argaam, Zahrat Al Waha announced in April 2023 its SAR 70 million capital expansion plan for 2023.

he plan included a production line for polyethylene terephthalate (PET) bottles (preform), two production lines for plastic bottle caps, two integrated printing lines and two production lines of multi-product and multi-use packaging materials with their accessories.