BCI agrees to implement two projects

18/11/2012 Tadawul

The Basic Chemical Industries Company announces that its board of directors at its meeting on November 17, 2012 approved the economic feasibility study and agreed to implement the two projects below:

  1. Project aimed to add a new specialized chemicals production line, which will be primarily used for treatment of metal surfaces. The board approved the implementation of the project with a cost of SAR 10 million. Implementation will start this month and the project shall be completed in 9 months.
  2. Project aimed at producing ferric chloride. The board approved the implementation of the project with a cost of SAR 15 million. Implementation will start this month and the project shall be completed in 14 months.

 

The two projects will be financed from the company’s internal resources. The return on investment is expected to be 20% for both projects. The company will use its technical team and main suppliers in implementation. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read