| Element List |
Explanation |
| Introduction |
Zahrat Al Waha for Trading Co. announces the contracting of a new production line for the production of preform with different weights |
| Project Start Date |
During the month of June 2019 |
| Project Cost |
The total estimated cost of the production line, including the value of the purchase of the line, it’s accessories and installation costs, is SR 14 million |
| Project Funding |
The production line will be financed mainly by medium-term bank loans and partly by the company's self-financing |
| Expected Project End Date |
The end of the third quarter 2019 |
| Expected impact on the company’s financial statements |
Increase production capacity by 11.58% annually, which will contribute to sales growth to meet the needs of the domestic market and export, which will be reflected in improving the performance of the company |
| Expected impact date on the company’s financial statements |
Fourth quarter 2019 |
| Expected date for the pilot production of the project |
The end of the third quarter 2019 |
| Duration of the pilot production of the project |
Two weeks of experimental production |
| Expected date for the commercial production of the project |
Fourth quarter 2019 |
| Executing Party/Other Party in the Project/Contract |
Husky Injection Molding Systems |
| Related Parties |
There are no related parties |
| Additional Information |
The new production line will increase the company's market share in the plastics sector |
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