Eastern Cement earns SR157m
Eastern Cement Co. has gained net profit of more than SR 157m, out of which SR 18m are from sale of the company’s investments. The six month profit are 19% more compared to the profits of the corresponding period, in the previous year. The profits for the second quarter of the current year also exceeded by 67% the profits gained in the 1st quarter of 2003 .
The General Manager of the Eastern Cement, Dr. Zamil Bin Abdul Rahman Al Moqren said that the company has started implementing the new production line, which will produce 3500 ton clinker per day. After the new line comes on stream, the production capacity of the company will rise to 3.15Mta .The new production line represents the final completion of the company’s upgrading plans for the grinding machines, control room and analytical equipment. The aim has been to bring the company’s products at par with the latest developments in the production of cement, increase its production capacity and diversify its products.