50.8000
Change
-0.3000
Change %
0.5871%
Open
51.1000
Close
51.1000
High
51.4000
Low
50.6000

Ma’aden to kick off commercial production in rolling unit Dec 9

2018-12-06 16:25:08 GMT (Economies.com)
Ma’aden to kick off commercial production in rolling unit Dec 9
 

Saudi Arabian Mining Company (Ma’aden) on Thursday announced that it will commence commercial production at its Ma’aden Rolling Company (MRC) as of Sunday, December 9.

The plant’s designed capacity amounts to 380,000 metric tone per annum of aluminiu flat-rolled products, the company said in a bourse filing. 

 The impact of commencing the commercial production of MRC will be recognized in Ma’aden's Q4 2018 results.

 MRC is a joint venture that is 74.9% owned by Ma’aden and 25.1% by US-based Alcoa.

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8094%
1.2570
-0.0133
1.0482%
14.595
-0.026
0.178%
51.307
-0.938
1.795%
60.22
-1.18
1.92%
1239.450
-8.590
0.688%
 
 
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