Saudi Arabia's Eastern Province Cement Co. (3080.SA) said Saturday it will set up a new cement mill at a total cost of 82 million Saudi riyals ($21.86 million) with a production capacity of 150 tons an hour.
The cement producer said that the new expansion will have a positive impact on its sales starting from the second quarter of 2014 as the project is expected to be completed in 14 months.
Eastern Cement said it has agreed with a contractor to implement this project, which will enable it to tap to the maximum its clinker production capacity. It didn't name the contractor in a statement posted on the Saudi bourse website.
Read more: http://www.zawya.com/story/Saudis_Eastern_Cement_to_set_up_new_mill_at_total_cost_of_USD219m-ZW20130216000065/
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