Client has signed an agreement worth SAR 58 million with Italy-based Toscotec to manufacture and supply the tissue paper rolls production line. The deal aims to increase the company's production capacity of tissue paper rolls from 100,000 tons to 130,000 tons per year. It will be financed through the company’s capital increase, as well as part from the working capital. Advance payment will be paid within five working days from the date of signing the contract against a bank guarantee from the supplier, while the remaining amount will be paid in installments that correspond to the delivery, installation, operation, and final receipt with the company obtaining a performance guarantee from the supplier as per the terms of the contract. The agreement aims to provide the latest technologies and solutions for major tissue paper producers around the world.
Construction has been completed on this scheme.
Construction works are currently in progress on this scheme.
September
30
2022
Friday
LAST UPDATED
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