Saudi Ceramic achieved 85% progress on Water Heater Plant

29/06/2015 16:18 AST

Later to Saudi Ceramic Co. announcement on 18-02-2013 regarding the Expansion Project of Second Water Heater Plant, the company announces the latest developments of the project as follows:

1.Progress rate achieved is 85%.

2.Expected finish of this event on 30-11-2015.

3.Reasons for The delay : Saudi Ceramic changed the specifications of the equipment, this change is to enable the addition of new techniques which will improve the quality of the products and reduce its cost.

4.Costs related of the delay are limited and will not affect the company results.


Tadawul

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