Oct 19 2011 |
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Saudi Yamama Cement To Replace Old Clinker Production Lines
Wednesday, Oct 19, 2011
DUBAI (Zawya Dow Jones)-- Yamama Saudi Cement Co. said Wednesday its board has decided to go ahead with a plan to replace its old five clinker lines with a new one that will raise its clinker output capacity by 78.6% to 10,000 tons per day.
The outcome of the project's feasibility study was positive and the firm will go ahead and tender the project, it said in a statement posted on the Saudi bourse website.
Earlier this month, Yamama said its third-quarter net profit rose 6% to 149 million Saudi riyals ($40 million) from SAR140 million in the same period a year ago on the back of higher sales.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
(END) Dow Jones Newswires
19-10-11 0831GMT
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