Almarai launches commercial ops in Al Kharj processing unit

23/11/2017 Argaam

 

Almarai Co. on Thursday said it has started commercial operations in the central processing plant III in Al Kharj.

 

The plant has a capital investment of SAR 1.2 billion, financed through operating cash flows, in addition to the funds received from the Saudi Industrial Development Fund (SIDF), Almarai said in a bourse statement.

 

The related financial impact will reflect on earnings of Q4 2017.

 

The plant comprises seven production lines for dairy products – including milk and yogurt – with the aim to boost the company’s dairy production capacity.

 

Earlier this year, Almarai had said it expected to launch entire operations at the central processing plant in H2 2017.

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