Saudi Ceramics, the listed manufacturer of ceramic products, said it has completed the second and final phase of its fourth tile factory to help meet demand for finishing materials in the country.
The Riyadh company, which also has a business line in water heaters, said it has started pilot production at the new facility. The factory will produce 9,000,000m2 of ceramic tile or porcelain. The company had originally signed contracts with companies that could execute the expansion last October.
“With the addition of this project with a capacity of the company's total production of tiles 52m square metres annually,” the company stated to its shareholders. “[It is] expected to contribute to this expansion in the company's revenues increase when working at full capacity by SAR 150m.”
Saudi Ceramics, along with suppliers of cement, steel and aluminium, is attempting to capitalise on the strong construction activity in Saudi Arabia that has been mostly funded by the government.
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