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| Background |
Hail Cement Company (HCC) plans to construct a cement plant in Hail , Saudi Arabia. Sinoma CDI is the technology provider and equipment supplier for the project. The project will have a dedicated power plant.. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q3 2013 |
Completion | Project expected to be completed
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| Latest Events |
In April 2012, construction of the plant was ongoing. In Q3 2013, the project is expected to be completed. |
| Previous Events |
In Q1 2011, construction of the plant started. In Q4 2010, engineering works started. In May 2010, the EPC contract was awarded to Sinoma CDI , subsidiary of Sinoma International Engineering Company. The contract includes the engineering, design, equipment supply, civil, erection, commissioning, performance test, training of the owner’s personnel, attainment of guaranteed figures. The process and techniques adopted would all be developed by CDI. |
| Scope of Work |
Construction of a 5,000 t/d cement plant. |
| Financing Source |
In April 2012, the Hail Cement Company procured an 80 million dollar loan from the Saudi Industrial Development Fund for the project. In June 2011, the Capital Market AuthorityCapital Market Authority approved the initial public offering (IPO) of 50% of Hail Cement Company's capital. The remaining 50% will be financed through the company's shareholders. |
| Related Projects |
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| Schedule | Contract Phase/Phase | Description |
| May 2010 |
EPC | Contract awarded to Sinoma CDI
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| Q4 2010 |
EPC | Engineering works started
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| Q1 2011 |
EPC | Construction of the plant started
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| Q3 2013 |
Completion | Project expected to be completed
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