Saudi Ceramic Co. announces an update on establishment of a new factory for the production of porcelain tiles
- Date: 26-Jan-2023
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
Saudi Ceramic Co. announces an update on establishment of a new factory for the production of porcelain tiles
|Element List||Explanation|
|Previous Announcement||Establishment of a new factory for the production of porcelain tiles|
|Date of Previous Announcement on Tadawul's Website||2021-08-19 Corresponding to 1443-01-11|
|Percentage of fulfilled achievement||40%|
|Event's Expected Completion Date||The trial and commercial production is expected to start during the first quarter of the year 2024.|
|Reasons for Exceeding the Announced End Date|| The reasons for the delay in the project are,
|
1- Delays in legal procedures from the authorities.
2- Changes in delivery schedules of some machines and equipment due to external factors effecting some suppliers.
|The costs associated with the event, and if they have changed or not with indication of the reasons.||Because there has been no change in the scope of the project, there has been no change in costs associated with the project.|
|Impact of the Delay on the Company's Financial Results||There will be no impact on the Company's financial results.|