Tadweeer completed installation of equipment at Riyadh factory
National Environmental Recycling Co. (Tadweeer) completed the installation and commissioning of the Riyadh factory equipment, marking the start of full-scale operations.
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Production is expected to gradually exceed 500,000 tons annually, the company said in a statement to Tadawul.
This development represents a new growth phase, which will support business expansion as well as the financial position.
The relevant financial and operational impact is expected to appear by year-end as a partial effect on start of operations will commence in late Q3, with the full impact materializing starting in 2026.
The company completed on March 11 the purchase of production lines worth SAR 29.38 million for its factories in Riyadh from European companies specialized in the manufacturing of recycling lines, data compiled by Argaam showed.
The new production lines will focus on recycling and producing iron, copper, aluminum, precious metals, and stainless steel.
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