Zoujaj says maintenance, renovation of associate’s blast furnace to cost SAR 56.6M

05/01/2025 Argaam
Logo ofThe National Company for Glass Industries (Zoujaj)

Logo of The National Company for Glass Industries (Zoujaj)

The National Company for Glass Industries (Zoujaj) announced the commencement of a project for one of its associates, Ras Al Khaimah-based Guardian Zoujaj International Float Glass Co. LLC (Guardian RAK), to maintain and renovate the melting furnace at a cost of $15.1 million (SAR 56.6 million).

 

In a statement to Tadawul today, Jan. 5, the Saudi listed company added that the 15-day project will start next February and will be financed from internally generated cash.

 

For more news on listed companies

 

It expects the project to be completed and commercial production to start in early April.

 

According to Zoujaj, the related financial impact will be in suspending production, which will be compensated during the year based on the scheduled maintenance plan for 2025.

 

The executing party is LMS and CTE, it noted.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.