China’s Sinoma Wins USD330 Million EPC Contract for Cement Plant in Saudi Arabia
Tang Shihua
DATE:  May 19 2023
/ SOURCE:  Yicai
China’s Sinoma Wins USD330 Million EPC Contract for Cement Plant in Saudi Arabia China’s Sinoma Wins USD330 Million EPC Contract for Cement Plant in Saudi Arabia

(Yicai Global) May 19 -- China’s Sinoma International Engineering, the world’s biggest provider of cement engineering services, has scored a USD330 million engineering, procurement and construction contract for a cement factory and supporting facilities in Saudi Arabia.

Sinoma will build a clinker production line, that handles the whole process from limestone crushing to cement packaging, with a daily output of 5,000 tons as well as ancillary facilities in Gizan for its client Southern Province Cement, the Beijing-based company said yesterday. Construction is expected to take two years and three months.

This is the second contract to build a cement plant in Saudia Arabia that Sinoma has bagged in the past six months. In November last year, it said that it has been appointed EPC contractor for a USD220 million cement factory in Riyadh. Sinoma has built 286 cement clinker production lines in 84 countries so far, according to its website.

Unmoved by the news, Sinoma’s stock price [SHA:600970] was trading down 1 percent at CNY12.94 (USD1.84) as of 2 p.m. China time today.

Editor: Kim Taylor

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Keywords:   Sinoma International Engineering,EPC Contract,Cement Factory,Saudi Arabia