Eastern Cement begins trial run for new cement mill
Eastern Province Cement Company [3080.SE] announced that the construction of the fifth cement mill with capacity of 150 tons/hour of cement has been completed. The trial run for the mill has started and is expected to last for three months. The company expects commercial operations to start during 2Q2016 and is yet to announce the financial impact of the new mill. (Tadawul) Eastern Cement: SAR34.83 as of 13 March 2016, Rating: Buy, FV: SAR40.70 per share, MCap: USD799 million, EACCO AB
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