Najran Cement Company has announced that it has signed a three-year contract with Chinese company CEIC to operate and maintain its third production for a three-year period.
The new line, which is still being built, is expected to come into production during the third quarter of this year and will have a capacity to produce 7,000 tons of cement per day, Constructionweekonline.com reported.
It said Najran Cement floated on the Saudi stock exchange in April 2012, raising $ 226.5 million to fund construction of the third line.
The company recently revealed that its first quarter sales for 2013 were 15.8 percent higher than in the corresponding period for 2012 at $ 39 million.
The volume of cement sold during the period also increased by 22% to 895,569 metric tons.
Najran Cement, CEIC ink deal
