Qassim Cement announces new production line to replace existing ones

Logo of Qassim Cement Co.

Qassim Cement Co. announced a new production line at the company’s plant, with 10,000 tons per day capacity that will replace some of the current production lines.

The project execution is expected to start in the first half of 2022, the cement producer said in a bourse filing today, Aug. 12.

The cost of the project will be announced after completing studies.

There are no related parties.

The project's financing options, and expected completion date, financial impact as well as production date will be announced in due course, the statement noted.