Logo ofASG Plastic Factory Co.
ASG Plastic Factory Co. announced the completion of its factory expansion project, the issuance of its operating license (OLC-25-09-03003382), and the full readiness of the facility to commence operations. 
According to a statement to Tadawul, ASG pointed out that the project was completed ahead of schedule, thanks to the efficiency of the project development team, which contributed to accelerating execution and enhancing productivity. The early completion was also supported by strong financial liquidity, smooth supply chain operations, and the availability of the required workforce.
According to data available on Argaam, ASG previously disclosed in its July 2024 listing prospectus for the Nomu – Parallel Market, that its expansion plans aimed to double current production capacity upon full execution. It also targets increasing production and storage areas to 180,000 square meters, including approximately 90,000 square meters of new expansion areas over the next three years.
In February, the company announced that it completed 56% of the total expansion work, in line with the approved project timeline.
Logo ofASG Plastic Factory Co.
ASG Plastic Factory Co. announced the completion of its factory expansion project, the issuance of its operating license (OLC-25-09-03003382), and the full readiness of the facility to commence operations.
According to a statement to Tadawul, ASG pointed out that the project was completed ahead of schedule, thanks to the efficiency of the project development team, which contributed to accelerating execution and enhancing productivity. The early completion was also supported by strong financial liquidity, smooth supply chain operations, and the availability of the required workforce.
According to data available on Argaam, ASG previously disclosed in its July 2024 listing prospectus for the Nomu – Parallel Market, that its expansion plans aimed to double current production capacity upon full execution. It also targets increasing production and storage areas to 180,000 square meters, including approximately 90,000 square meters of new expansion areas over the next three years.
In February, the company announced that it completed 56% of the total expansion work, in line with the approved project timeline.
