Saudi cement producer and trader Al Jouf Cement said Monday in a bourse filing it will invest SAR885m (US$236m) to launch a second production line, in addition to a dedicated power plant.
The new production line will have a capacity of 5000tpd.
The project, to be financed with a combination of own funds and debt, will take 25 months to complete.
Al Jouf Cement has a production capacity of 1.75Mta, or 5000tpd. The company’s products include Ordinary Portland Cement (OPC) and Sulphate Resisting Cement (SRC).