Maadaniyah’s stranded wire unit goes on stream in October

24/09/2014 Argaam

National Metal Manufacturing and Casting Company (Maadaniyah) is to start the commercial production of its new stranded wire production line on October 1st, 2014.

The financial impact of the new line will start gradually from Q4-2014; the company said in its filing to Tadawul today, adding that the line was supplied and installed by Mario Frigerio Italian Company.

According to Argaam; The Company’s board decided in September 2013 to add a new stranded wire production line with a total cost of SAR 45 million.

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