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Saudi Ceramics announced plans to build a new factory for porcelain tiles with an annual capacity of 8.25 million sqm, at a cost of $66.4 million. Construction is expected to start in Q4 2021 and be completed by Q2 2023.
“Based on our estimates, the company is currently operating at near full capacity and we view the fresh capacity addition as a positive move.”meconstructionnews.com
Summarized from public sources; check the original articles before acting on it.