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English news

03-May-2016

Arabian Cement expects to commence operations at new cement mills in 1Q2017

Arabian Cement Company (KSA) (3010.SE) expects to commence commercial operations at the new cement mills project in the company’s production plant in Rabigh in 1Q2017, instead of the previously announced date of 2Q2016, as the construction works are currently in process. Currently, it is difficult to assess the financial impact of the new mills; as it will depend on supply and demand forces in the cement market. As for the second phase of the project that includes the establishment of a clinker production line, the company is still in the process of studying the project. ( Company disclosure)

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