Tabuk Cement new ready-mix venture, Saudi Arabia

Saudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country.

TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners.