SPIMACO completes Morocco plant construction works

27/12/2018 Argaam

 

Saudi Pharmaceutical Industries and Medical Appliances Co. (SPIMACO) has completed the construction of its pharmaceutical plant in the Moroccan capital of Casablanca.

 

Electrical and mechanical construction services are expected to be finalized by the end of Q1 2019, due to a delay in receiving the required equipment, SPIMACO said in a bourse statement on Thursday.

 

The project's financial impact will be announced later on, the pharmaceutical producer added.

 

Last January, SPIMACO pushed back the delivery of its planned pharmaceutical plant in Morocco to Q4 2018, instead of Q4 2017, Argaam reported.

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