ASG Plastic Fourth Expansion Project

planned

ASG Plastic Factory Company plans to commence construction of its fourth expansion project in Sudair Industrial and Business City by the end of Q3 2026. The project involves developing a facility on a 100,377-square-metre plot leased from the Saudi Authority for Industrial Cities and Technology Zones (MODON). The estimated cost is 50 million Saudi riyals ($13.18 million), with expected completion and start of commercial production in Q1 2028. The project will be self-financed with potential funding options from the Saudi Industrial Development Fund or other entities. This expansion aims to increase production capacity to meet growing market demand in line with Saudi Arabia's industrial development initiatives.