Argaam reported that Saudi Arbia’s rebar maker Al Yamamah Steel Industries Co's board of directors have approved increasing the annual production capacity of pipe and tube factories in Jeddah and Dammam, at the cost of SAR 33 million. The annual production capacity will be increased from 276,000 tonnes to 360,000 tonnes and project will commence from March 1, 2021. The completion of the project is expected in Q1 of 2022. The pilot operation will run three months and the commercial production will be launched in Q2 of 2022. The project will be self financed through the cash collections from customers
Al Yamamah Company was established in 2003 with paid Capital of SAR 300 million. The primary objective is to set up an integrated Steel Plant for an annual production of more than 1.5 million tonnes of rebars. The city of Yanbu was chosen for the project as this city is known to be the second largest Industrial City in the Kingdom after Jubail Industrial City as well as it is nearby all major cities in the kingdom. The construction of the first phase started in 2005 and the commissioning of the plant started in 2008 with a capacity of about 700,000 tonnes of steel bars annually.