Saudi Chemical Company Holding (SCCH) will reveal some projects in the coming period once the related feasibility studies are completed, Al-Eqtisadiah newspaper reported, citing CEO Thamer AlMuhid.
SCCH plans localization of 85% of industry inputs, whether explosives for civil or military purposes. The company is expanding investments in human capital localization for defensive industries.
SCCH has invested nearly SAR 1 billion in military industries through its military complex since 2019. Through these investments, the explosives industry was localized and three production lines for TNT, RDX and mechanical fuzes were created, the CEO added
Source : Argaam