Eastern Cement awarded project for new production line establishment in a Chinese company, at USD 270.5 million

Eastern Province Cement Company announced the approval of its board in the meeting held on 04.01.2024 for awarding of the project to Sinmoa CDI, a leading Chinese company in the cement industry for building a new production line with a capacity of 10,000 tons/day at an amount of USD 270.5 million.

The company published on Sunday on Tadawul the project’s details which includes Design, supply, delivery, construction, and installation of a cement production line with a capacity of 10,000 tons per day on the basis of a complete turnkey contract for engineering, supply, construction, installation, testing, commissioning, training of operation and maintenance staff until start of commercial operation of the line in the company’s current plant in the Khursaniyah area in accordance with the latest technology in the field of the cement industry.

Stating that it is expected that the contract will be signed within two months from the date of the award, while the project financing arrangement will be announced later.

This comes in reference to the company’s announcement published on Tadawul website on 20.03.2023 regarding the Board of Directors’ decision to invite specialised companies to submit their offers for building a new production line with a capacity of 10,000 tons/day for the purpose of replacing some of the low efficiency production lines in the company’s plant in order to maximize the benefit from the current plant infrastructure.