The new Durrah sugar refinery in Yanbu is now scheduled to commence operations in March 2020, according to the CEO of Cosumar, Mohamed Fikrat.
Construction work on the new Durrah Sugar Refinery in the port of Yanbu has commenced.
The company’s sales volume reached 1.32 mln tonnes in 2014, an increase of 16% from the previous year. The net revenue reached SAR 2.9 bln, up 4% from a year ago. Net income (standalone) for the year 2014 reached SAR 175 mln, an increase of 72%.
At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production elsewhere in the Middle East.