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Saudi glass makerÌý¸é²¹´Ç´Ç³¾Ìýbuys new line from GermanÌýµþ±ð²Ô³Ù±ð±ô±ð°ù for $1.9m

Saudi glass makerÌý¸é²¹´Ç´Ç³¾Ìýbuys new line from GermanÌýµþ±ð²Ô³Ù±ð±ô±ð°ù for $1.9m
Raoom's financial results are expected to improve in 2024, according to a bourse filing (Shutterstock)
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Updated 17 October 2022

Saudi glass makerÌý¸é²¹´Ç´Ç³¾Ìýbuys new line from GermanÌýµþ±ð²Ô³Ù±ð±ô±ð°ù for $1.9m

Saudi glass makerÌý¸é²¹´Ç´Ç³¾Ìýbuys new line from GermanÌýµþ±ð²Ô³Ù±ð±ô±ð°ù for $1.9m

RIYADH: Raoom Trading Co. has purchased a new laminated glass production line from German auto parts makerÌýµþ±ð²Ô³Ù±ð±ô±ð°ù for $1.9 million.

Upon completion and operation of the line, Raoom's financial results are expected to improve in 2024, according to a bourse filing.

The purchase of this line is aligned with the company's plan to expand its local market and exports, as well as the Kingdom's plans to increase the company’s market share, it said.