Chengdu Institute of Building Materials and Saudi EPCC Cement Company signed a general contract for a cement production line with a daily output of 10,000 tons of clinker

2024-03-04 17:37:10

Chengdu Institute of Building Materials and EPCC Company of Eastern Province of Saudi Arabia formally signed a general contract for EPCC clinker project with a daily output of 10000 tons and supporting cement production line with an annual output of 1.6 million tons in Dammam, Saudi Arabia, where its headquarters is located.

Recently, Chengdu Institute of Building Materials and EPCC Company of Eastern Province of Saudi Arabia formally signed a general contract for EPCC clinker project with a daily output of 10000 tons and supporting cement production line with an annual output of 1.6 million tons in Dammam, Saudi Arabia, where its headquarters is located. Wu Hong, Secretary of the Party Committee and Chairman of the Board of Directors of Chengdu Institute of Building Materials, and Mr. CEO Eng. Fahad Rashed Al Otaibi, member of the Board of Directors of EPCC, signed the contract on behalf of both sides. At the

signing ceremony, Mr. Fahad said that after the completion of the project, some existing production lines with high energy consumption and low efficiency in the plant area will be replaced, which will certainly bring good economic and social benefits to EPCC. At the same time, more importantly, the completion of the project is an important strategic achievement of EPCC in implementing Saudi Arabia's 2030 Vision Plan, which is of great significance for meeting the cement market demand in the eastern region and promoting the economic and infrastructure construction in the eastern part of Saudi Arabia. He highly appreciated the advanced technical level and professional and efficient work style of Chengdu Building Materials Institute, and believed that the two teams could sincerely help each other, cooperate and win-win, form a joint force, and jointly build a benchmark project for EPCC in the cement industry in Saudi Arabia and even the Middle East. Chairman Wu Hong, on behalf of Chengdu Building Materials Institute, thanked EPCC for its trust and support to the company, and said that he would attach great importance to the cooperation opportunities between the two sides, make full use of the company's experience in general contracting in the cement industry, provide a cement benchmarking project for the owner through his global resource allocation ability and successful localization management ability, and harvest friendship with sincere service.

This project is the company's further development in the local market after Saudi QCC and RCC in recent years, and is the trust and affirmation of Saudi cement customers for the company's good performance ability, advanced technology and excellent service in the field of general contracting of cement production line. It is also an important manifestation of the company's earnest implementation of Sinoma International's "1236" strategy and the company's development plan. Chengdu Institute of Building Materials will firmly adhere to the development strategy of internationalization and localization, move forward with perseverance, further improve its reputation and brand influence in Saudi Arabia and the Middle East market, and lay a more solid foundation for the company's high-quality development. Mr. Jamaan, CFO of

Saudi EPCC Cement Company, Mr. Subair, Project Manager, Mr. Salman, Plant Manager, Liu Xiaoning, Deputy Secretary of the Party Committee and General Manager of Chengdu Building Materials Institute, Wang Wanhong, Deputy General Manager, and members of the company's marketing and project team attended the signing ceremony.

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Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.