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Sister firm to begin trial operations for production line this week – Zoujaj

Sister firm to begin trial operations for production line this week – Zoujaj
Zoujaj owns a 45% stake in Gulf Guard (Photo Credit: Arabianeye-Reuters)
ZOUJAJ
2150
36.42% 42.70 11.40

 

Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) on Tuesday said its sister company Gulf Guard has received a licence to commence operations in its new coated glass treatment line.

Trial operations are scheduled to begin on 5 May, Zoujaj said in a filing to the Saudi Stock Exchange (Tadawul), adding that it will announce the beginning of commercial production in the future.

Zoujaj owns a 45% stake in Gulf Guard.

In September 2014, the Saudi-listed firm said that the board of Saudi Guardian International Float Glass (Gulf Guard) has approved designing and implement a project to treat coated glass to increase sales by 15%.

The company expected trial production to begin in Q2-16 and commercial production to begin in Q3 of the same year.