Al Yamamah Steel Industries Co. Announces the beginning of the commercial production of the first phase of Jeddah Pipes Factory expansion .

Al Yamamah Steel Industries Co. Announces the beginning of the commercial production of the first phase of Jeddah Pipes Factory expansion .

Announcement Detail

Reference to Al Yamamah steel industries Company's Annual Board report for the fiscal year. 2023 regarding fundamental Developments during the previous year 2023 (Pipes activity), which indicated that the expected operation of the first phase of the expansion of Jeddah Pipes factory would take place during the second quarter of the fiscal year 2024, we would like to point out that the first phase of the expansion of Jeddah Pipes factory has started the commercial production during the current month, April 2024 . it's worth mentioning that the financial impact is expected to be reflected from the beginning of the third quarter of the fiscal year 2024.

Al Yamamah Steel Industries Co. Announces the beginning of the commercial production of the first phase of Jeddah Pipes Factory expansion .