Economy & Market
Fujairah Cement hit by lower prices
Falling prices have affected the profit margin of Fujairah Cement as the company recorded a Dh12 million loss last year despite increased sales. The company found labour and resource costs eating away profits. Though the region saw a boom in infrastructure spending, which has increased demand for construction materials, Fujairah Cement has struggled to remain profitable amid price falls. The company had also invested in expanding plant capacity.