Sipchem puts new molds factory in test mode

24/09/2014 Argaam

Sipchem’s subsidiary started the test operation of its SAR 1.1 billion metal molds factory yesterday, a filing to Tadawul said.

The factory is owned by the Saudi Specialized Products Company, a subsidiary 75 percent owned by Sipchem and the remaining percentage held by South Korea’s Hanwha Chemical.

The plant is located at the industrial city of Riyadh and has an annual capacity of 1000 tonnes.

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