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Saudi Pallet Manufacturing Company signed a 90 million US dollar memorandum of understanding with SABIC to manufacture Paxxal plastic pallets for export and develop local supply chain initiatives. The agreement was signed on 28 January 2019 in Riyadh during the National Industrial Development and Logistics Program launch.
“Saudi Pallet Manufacturing Company (SPMC) ... has signed a $90 Million Memorandum of Understanding (MoU) with SABIC”paxxal.com
Summarized from public sources; check the original articles before acting on it.