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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