Aqaseem Factory for Chemicals and Plastics Co. Announces the commencement of operations for its factory plant(Aqaseem Arabia Oil Manufacturing LLC – Sole proprietorship)
| Element List | Explanation |
|---|---|
| Announcement Detail | Aqaseem Chemicals and Plastics Manufacturing Company announces the commencement of operations for its factory plant (Aqaseem Arabia Oil Manufacturing LLC - Sole Proprietorship) in the United Arab Emirates, with an annual production capacity of approximately 8,000 tons.
This is expected to increase the company's production capacity by approximately 32%. It is anticipated that this will positively reflect in an increase of the company's current sales by approximately 25%, as well as an increase in operating profits by around 17%. The financial impact of this expansion is expected to be evident in the company's financial results in the first half of the year2024, |
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