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Sipchem announced that the Tools Manufacturing Facility of Saudi Specialized Products Company commenced commercial operations on Nov. 1, 2016 in the Second Industrial City in Riyadh. The total cost was approximately SR110 million.
“The Tools Manufacturing Facility and industrial parts plant owned by the Saudi Specialized Products Company, an affiliate of Sipchem, commenced commercial operations on Nov. 1, 2016.”saudigazette.com.sa
Summarized from public sources; check the original articles before acting on it.