Wafrah shares updates on supply deal with Italy’s Pavan Group

19/02/2024 Argaam
Logo ofWafrah for Industry and Development Co.

Logo of Wafrah for Industry and Development Co.


Wafrah for Industry and Development Co. announced its latest update on the contract with Italy's Pavan Group for supplying long-cut pasta and nested pasta production lines to modernize and automate its factory lines, with completion expected by June 2024.

 

The delay from the initial timeline was due to factory adjustments for the new lines and delays in equipment arrival caused by changes in maritime transport routes, the company said in a statement on Tadawul.

 

The financial impact of the delay will be reflected in the financial statements from the second half of 2024.

 

Wafrah signed a deal with Pavan, owned by the German engineering group GEA, to supply two production lines for long-cut and nested pastas at a value of €9 million (SAR 35 million). The long-cut pasta line will have a production capacity of 2,100 kilograms per hour, while the nested pasta line will have a capacity of 1,000 kilograms/hour, provided that the delivery and commissioning take place within 15 months from the contract’s signing date.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.