Sinoma awarded $188m KSA cement contract
New production line to increase output at Tahama cement plant by around 5000t/d
A Chinese contractor has been awarded a $188m cement project contract by Saudi Arabia’s Southern Province Cement, it was announced on Monday.
Sinoma International Engineering Company will be required to build a third production line for the Tahama plant in the Mecca province, a news report by MEED said.
The new line will lead to an increase in production by 5,000t/d, while the execution phase has been set at 24 months. The project is likely to be completed on a lump-sum turnkey basis.
SPC now has two full production lines in operation at Tahama, with a total capacity of 23,000t/d. The company also operates cement plants at Jizan and Bisha.
The company is one of nine listed cement firms in the country.
Earlier this year, it announced its financial results for the first quarter of this year, with net profit coming to $75.8m, a 25% increase from $60.2m in the same period last year. Net profit also rose 13.28% from the fourth quarter of 2011.
In April, SPC said that it would delay opening the third mill at the Jazan Cement Plant due to delays in the submission of civil works drawings by the manufacturing company (Christian Pfeiffer).
