Riyadh-Mubasher: Saudi Ceramic Co. will likely complete the expansion of its second enamel coated water heater plant at the end of the first quarter of 2016, the company said in a bourse statement.
The ceramic producer added that it has finished most of the critical phases of the project which has enabled the company to have a 20% additional production capacity in the second factory.
“This will not negatively affect the company’s financial results of this year or the project feasibility. Costs related to the delay are limited and immaterial to financials,” the company said.
