Saudi Yanbu Cement to invest US$453m in fifth production line

Saudi Yanbu Cement to invest US$453m in fifth production line
Published: 27 May 2008

Saudi cement producer Yanbu Cement Company (YCC) has signed a memorandum of understanding with Chinese engineering company Sinoma for the construction of a fifth production line at YCC’s cement plant in Yanbu, western Saudi Arabia, with a total cost of SAR1.7bn (US$453m), local press reported on May 25, 2008.
 
YCC will use own funds and bank loans to finance the project.