Saudi Arabian companies’ mixed cement sales
First publishedon www.AggBusiness.com
Fourteen cement companies in Saudi Arabia recorded a 4% growth in sales from 53.5 million tonnes in 2012 to 55.6 million tonnes in 2013, according to Argaam Business Info.
However, further figures show sales in February 2014 dropped 3% from 4.74 million tonnes to 4.59 million tonnes on a year-on-year basis. Despite that, clinker production rose 5% to 4.07 million tonnes. In the month under review, Arabian Cement Company recorded a 41% jump in sales, followed by Safwa Cement Company to 6%, compared with 10 out of those companies that reported a decline in sales. Jouf Cement Company and Najran Cement Company posted the highest drop in sales at 26% and 24% respectively.