Riyadh-Mubasher: Saudi Ceramic Company completed the expansion project of second enamel-coated water heater plant, according to a bourse filing.
The company started the commercial production by the end of first quarter of 2016.
The plant’s total cost stood at SAR 70 million, the statement said, adding that the estimated budget was SAR 76 million.
The project’s capacity is 600,000 units of electrical water heaters per year.
The annual sales expected from the project amounted to SAR 92 million, while the financial effect will gradually be reflected starting from the second quarter of 2016.
