RIYADH: Raoom Trading Co. has purchased a new laminated glass production line from German auto parts maker Benteler 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.