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Wafrah for Industry and Development Co. Announces Contract Sign Off with Pavan of Italy which is owned by the German company GEA

ELEMENT LIST EXPLANATION
Introduction An agreement has been signed between Wafrah Co and Pavan/GEA Company to supply Pasta lines for the production of long-cut pasta, and nested Nidi pasta as part of Wafrah company’s plan to upgrade and automize its production lines in its different plants. It is known that Pavan Co is among the distinguished leaders in the Pasta machinery industry
Date of Announcement of the Award 2022-11-21 Corresponding to 1444-04-27
Contract Subject Matter Purchasing long-cut pasta line with production capacity of 2100 Kg/hr, and nested Nidi line with the capacity of 1000 Kg/hr
Date of Signing the Contract 2022-11-21 Corresponding to 1444-04-27
Contract Value 9,000,000 Euro
Contract Details Purchasing long-cut pasta line with production capacity of 2100 Kg/hr, and nested Nidi line with the capacity of 1000 Kg/hr. Delivery and commissioning to be within 15 months of signing the contract
Contract Duration 15 months from signing of the contract
Financial Impact and the Relevant Period A positive financial impact is expected to avail as from the first quarter of 2024
Related Parties None

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