SPM invests SAR 30m in developing its 1st production line

29/10/2013 Argaam

The Saudi paper manufacturing Company SPM announced today on tadawul its board decision to invest SAR 30m in developing its first production line as follows:

SAR 30m

Total project cost

Internal resources and Murabaha loans

Financing sources

29/10/2013

The work starts on

 

20/12/2014

Trial run

1/1/2015

Commercial operations

Italy-based Ricard company

The development work is implemented by

18,980 tons annually

Productive capacity increases by

1/1/2015

Financial impact realized as of
 

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