Saudi Paper Manufacturing Co. Announces an update on Saudi Paper Manufacturing Co. Announces Purchase Machine for production paper tissue rolls in the value of SAR 58 million
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of the Saudi Paper Manufacturing Company published on the Tadawul website on 18/05/2021, regarding the manufacturing and supply the tissue paper rolls production line with a design production capacity of 30,000 tons per year.
The company announces the completion of all installation work and the start of trial production, and it is expected to launch commercial production during the current month. the tissue paper roll production line was also supplied at an estimated cost of SAR 57 million, less than the previously announced transaction value of SAR 58 million. The manufacture and supply of the tissue paper roll production line aim to increase the company's production capacity to reach 130,000 tons annually. |
| Previous Announcement | Saudi Paper Manufacturing Co. Announces Purchase Machine for production paper tissue rolls in the value of SAR 58 million |
| Date of Previous Announcement on Tadawul's Website | 2021-05-18 Corresponding to 1442-10-06 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | The production line has been fully supplied and completed. |
| Reasons for Exceeding the Announced End Date | do not apply |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Expecting a saving in the purchase value by a total amount of SAR 1 million as a result of reviewing the mechanism of the transaction payment. |
| Impact of the Delay on the Company's Financial Results | do not apply |
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