Eastern Cement to face delay in commencing commercial operations at new cement mill
Eastern Cement Company (3080.SE) announced that it had not yet finalised trial operations for the company’s new cement mill; thus, there will be a delay to the earlier announced expected date for commencing commercial operations of 2Q16, to be now expected in 2H16, as the company is still working on reaching full efficiency. The delay will have no impact on the project’s cost. The new cement mill will have a capacity of 150 tonne/hour. (Company disclosure) Eastern Cement: SAR30.13 as of 23 June 2016, Rating: Buy, FV: SAR40.70 per share, MCap: USD691 million, EACCO AB / 3080.SE
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