Saudi Paper to commence trial operation of fifth production line in Q3 2025
Saudi Paper Manufacturing Co. (SPM) announced today, June 24, that trial operations for its 5th production line are scheduled to begin in Q3 2025, with overall project completion reaching 85%.
In a statement to Tadawul, the company explained that natural conditions at the project site caused delays in the location's preparation, which in turn affected the previously expected timeline for the completion of civil works. The company also confirmed that it finalized the contract termination procedures with the former contractor in compliance with the provisions of the agreement.
Saudi Paper clarified that project costs remain unchanged, and the total contract value has not increased due to the delay.
The company expects the financial impact of the fifth production line to materialize on its results starting from Q3 2025.
Further updates will be disclosed as developments occur, the statement added.
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