Zoujaj to halt ops at Riyadh 1 Plant for SAR 75 mln upgrade

23/08/2016 Argaam

The National Co. for Glass Industries (Zoujaj) plans to halt production at its Riyadh 1 Plant for 70 days to start on September 1 a SAR 75 million upgrade, the company said in a statement to the Saudi bourse.

 

The financial impact of rebuilding new furnace and upgrading its production lines will be reflected in a 12 percent drop in total annual sales, it added.

 

Production at Riyadh 2 and Dammam plants will continue. 

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