‎Saudi Lime CEO says production capacity meets growing construction market needs, profit margin at 48%

‎Saudi Lime CEO says production capacity meets growing construction market needs, profit margin at 48%

Saudi Lime Industries Co. has a production and design capacity that meets the current and increasing future needs of the construction market, CEO Ahmed Elewa told Argaam in an interview.

The company is currently working on an ambitious project for full digital transformation through the automation of all production and administrative operations, he added.

The company invested nearly SAR 60 million in the replacement and upgrade of machinery and equipment, furnace maintenance, and the construction of more production lines. This contributed largely to increase operating efficiency and filtered through a 7% rise in net profit for the six-month period ended June 30, 2022.

Saudi Lime has an output and inventory from its own quarry, which helps it hedge against price fluctuations in limestone, the main raw material of suppliers, and consolidate its product quality, Elewa added. The company also owns a plant for sand lime blocks in Jeddah, which ensures sustainable growth and optimal results.

Saudi Lime was founded in 1977 with SAR 21 million capital, which was increased to SAR 200 million. The company manufactures chemical substances, sand blocks, chimney bricks, quicklime and hydrated lime.

The company ranks among the leading manufacturers of blocks, as well as sand lime and limestone in the Kingdom,