APICO launches operations at Al-Kharj new plant

30/05/2024 Argaam
Logo ofArabian Plastic Industrial Co. (APICO)

Logo of Arabian Plastic Industrial Co. (APICO) 

Arabian Plastic Industrial Co. (APICO) started operations at the new plant in Al-Kharj Industrial City, according to a statement to Tadawul.

 

The move reflects the company’s commitment to its strategic goals of boosting growth and meeting demand in the Central and Eastern regions.

 

The relevant financial impact will likely be reflected on H2 2024 statements, the statement added.

 

In November 2022, APICO signed a 20-year land lease agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to establish a new plant to meet the increasing retail demand and adapt the development and progress that are taking place in the Kingdom's Central and Eastern regions, Argaam reported.

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