Saudi Cement Co has announced that it has signed a contract with a Chinese firm worth $19.9m to rehabilitate kilns 4 and 5 at its Hofuf factory.
The firm said that the deal had been siged with M/S Sinoma Technology & Equipment Group Co, and added that the work would be "fully financed through the companys own resources".
The project is expected to start immediately and will be completed by the end of the year.
The company said that the likely financial impact from the re-opening of the kilns would not be known until the fourth quarter when demand lievels could be more accurately assessed.
The company announced plans to bring the kilns back to life last month in a bid to increase clinker capacity by 3,000 tons per day.
Source:
http://www.uaecement.com/newsDetail.aspx?id=864
