Arabian Cement Co. (ACC) has signed today a SAR 362 million engineering, procurement and construction (EPC) contract with CNBM International Engineering Co. to build cement mills at its Rabigh plant.
The project will
go into effect
within 13 month
s
from the signing date, the company said in a statement to Saudi Arabia’s bourse.
Financial impact will be recorded in the third quarter 2016 statements.
In February 2014, ACC’s board decided to proceed expanding the Rabigh production line, according to data available on Argaam.
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