Brief: Hoffmann Green Signs First Licensing Agreement In Saudi Arabia With Shurfah Group

Hoffmann Green Cement Technologies SA

05/09/2023 07:05

Sept 5 (Reuters) - Hoffmann Green Cement Technologies
SAS  ALHGR.PA :
    * HOFFMANN GREEN SIGNS ITS FIRST LICENSING AGREEMENT IN
SAUDI
ARABIA WITH THE SHURFAH GROUP
    * EXCLUSIVE 22-YEAR CONTRACT IN SAUDI ARABIA
    * AMBITION TO DUPLICATE SEVERAL PLANTS IN SAUDI ARABIA
    * CONSTRUCTION IN 2024 OF 1ST VERTICAL HOFFMANN PLANT
    * FIRST CLINKER-FREE CEMENT PLANT WILL BE BUILT IN 2024 IN
SAUDI
ARABIA, AND IT WILL BE A REPLICA OF H2
    * HOFFMANN GREEN WILL RECEIVE FROM SHURFAH AN ENTRY FEE AND
FIXED
AND VARIABLE ANNUAL ROYALTIES BASED ON SALES GENERATED BY
MARKETING OF HOFFMANN CEMENTS IN SAUDI ARABIA

Source text for Eikon:  ID:nBw4G4H4ca 
Further company coverage:  ALHGR.PA 

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