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Clinker production line
Overview
A second clinker line with a capacity of 1.9 mn tpa. Total cost is expected to be SAR 970.6 mn financed from IPO proceeds and future cash flows.
Project Information
Industry
- Industrial Manufacturing > Basic Material > Construction Materials > Cement
970.63 (Million Riyal) * Estimate:
1.9 mln tpa
Saudi Arabia
Riyadh
City cement plant
Completed
Q2 2012
Q2 2015
- The company announced that a contract for the construction of a second line was signed in June 2012 with "Sinoma International Engineering", at a total cost of 970.6 million riyals.
- the commercial operation of the line began on April 20, 2015, and the financial impact of it will appear in the second quarter of the same year.
- A delay discount of 43 million riyals was obtained from the main contractor contract "Sinoma International Company.
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Gallery
Owners
Name
Percentage
100.00%
Related Parties
Name
Role
Contractor
Financing Sources
Source
Percentage
Equity
100.00 %