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Drop in sales for Saudi cement companies
Cement manufacturers in Saudi Arabia saw a 3% year on year (yoy) drop in sales in February.
According to data from online financial information company Argaam Business Info (ABI), monthly sales stood at 4.59mn t, compared to 4.74mn t in the same month a year earlier.
Ten out of 14 cement firms operating in Saudi Arabia reported a fall in sales in February 2014. Sales of Jouf Cement Company (JCC) and Najran Cement Company (NCC) decreased by 26% and 24%, respectively.
However, the report added that during the period under review sales of Arabian Cement Company (ACC) and Safwa Cement Company (SCC) grew by 41% and 6%, respectively. Total clinker production of the 14 manufacturers increased by 5% yoy to 4.07mn t during the month.
UAECEMENT.COM
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Mar,15,2014
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