Obeikan Glass launches trial operations at Aluminum Casting Foundry

16/12/2024 Argaam
Logo ofObeikan Glass Co.

Logo of Obeikan Glass Co.

Obeikan Glass Co. announced the start of trial operations at its aluminum casting facility, Saudi Aluminum Casting Foundry, as of today, Dec. 16, according to a statement to Tadawul.

 

The pilot phase will continue until factory equipment is tested and operational efficiency is ensured, the company said, expecting the financial impact to materialize with the launch of commercial operations in the first quarter of 2025.

 

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The relevant financial impact is expected to appear upon the launch of commercial operation in Q1 2025.

 

Obeikan Glass signed, in August 2023, a partnership agreement with Al-Esra Aluminum Factory to own and operate an aluminum casting facility at a total cost of SAR 73 million, data compiled with Argaam showed.

 

The factory, located in the Al-Madina Al-Munawwara Industrial City, will focus on manufacturing and casting aluminum into various products.

 

Under the deal, Obeikan Glass will own 60% of the project, while Al-Esra Aluminum will hold the remainder.

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