Further to Saudi Ceramic Company announcement on 30/11/2015 regarding the Expansion Project of Second Enamel Coated Water Heater Plant, the company announces that it has finished all of the sections of the expansion project, and the commercial production started by the end of first quarter of this year. The company expects to reach full capacity production by the end of second quarter 2016.
The total cost of the project reached 70 million SAR, while the budget was for 76 million SAR. The capacity of the project is 600,000 units of electrical water heaters per year. The additional annual sales expected from the project is 92 million SAR, after reaching the full capacity. The financial effect of this project will gradually be reflected starting from the second quarter 2016.
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