Southern Province Cement Company, Saudi Arabia announced in a statement that it has signed a deal with Sinoma International Engineering Company to build a new production line with a total capacity of 5,000 tonne per day.
The contract, which is worth $330 million, will also see the Chinese group lay the infrastructure for a similar production line in the kingdom, stated Southern Province Cement Company in its filing to the Saudi bourse Tadawul.
The entire project will be funded by a local bank and is due for completion within 30 months, it added.
Earlier this year, Southern Province had announced plans for establishment of a production line at Jazan Cement Factory to replace the current production lines.
