Fujairah Cement hit by lower prices

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.

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