(MENAFN- Iraq Business News)
By John Lee.
The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq.
According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 months, at a cost of $139 million.
KHD, a subsidiary of China's AVIC , confirmed an EPC contract with Northern Region Cement for what it called "engineering, equipment supply, construction, commissioning and site services", without specifically mentioning Iraq or the contract value.
(Sources: Saudi Stock Exchange, KHD)
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