Alsorayai’s calcium carbonate plant to start operations next July

29/09/2016 Argaam

Alsorayai Trading and Industrial Group Co. said its calcium carbonate plant is expected to start production in July 2017.

 

The plant was supposed to kick-start operations ten months earlier, however, the delay was attributed to equipment installation and contracting works, the company said in a statement to the Saudi bourse, on which it is listed.

 

Relevant financial impact will be reflected on earnings of Q4 2017.

 

Last September, Alsorayai had signed a memorandum of understanding (MoU) with Al Jazeera Paints Co. to establish a calcium carbonate factory, data compiled by Argaam showed.

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