Nama Chemicals Company disclosed through its annual board report that it is studying the acquisition of a foreign company producing complementary product.
“We are studying the acquisition option along with other alternative options”; the company said. This possible transaction aims at increasing the company’s sales of Epoxy product.
The report also listed Nama’s expansion projects as follows:
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Nama’s expansion projects |
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Project |
Details |
Latest updates |
|
Epoxy plant expansion |
Doubling production capacity of Epoxy from 60.000 tons to 120.000 tons annually |
Trial operation by the end of 2013 |
|
"CA" plant expansion |
Increase production capacity by 20% |
Equipments have been installed and run |
|
Waste water treatment unit |
Extracting salt and calcium chloride and converting it into saleable product |
Expected completion in 2014 |
The company incurred losses of SAR 44m in 2013 (SAR 0.34/share) compared to SAR 23m losses in 2012.
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