Yanbu Cement says production line 4 modernization work 90% complete, to finish by May 17

Yanbu Cement headquarters

Yanbu Cement Co. announced that modernization work on production line No. 4 is 90% complete and it is expected to be fully ready by May 17, 2021, according to a bourse statement.

The firm also noted a delay in receiving some spare parts that led to a delay in executing the project timeline. The associated costs, however, remain unchanged.

The financial impact will be limited to the increase in production costs only since the start of the shutdown date, the statement said.

The company added that sales will not be affected by this stoppage due as it holds sufficient clinker stocks.

Any future changes will be announced accordingly.

Earlier, Yanbu Cement announced that production line No. 4 will be shut down for 60 days as of Feb. 15, in line with the implementation of its strategic plan of modernization, Argaam reported.