National Building starts commercial ops at 100,000 tpa capacity smelter plant

Logo of National Building and Marketing Co.

National Building and Marketing Co.’s (NBM) wholly-owned subsidiary, Ajeej Steel Manufacturing Co., started, on June 4, commercial operations for the smelter’s expansion to reach a capacity of 100,000 tons per annum (tpa).

This followed the success of machine and production line testing and verification of all operational and non-operational aspects, as well as the success of plant equipment testing, the company said in a statement to Tadawul.

The commercial operations are expected to have a positive impact on NBM’s financials starting from Q3 2022, the statement added.