Economy & Market
Saudi cement sales fall 25 percent in February
Saudi cement producers saw sales fall by 24.9 per cent in February 2017. Cement companies sold 4.09 MT of cement in the second month of the year, down from 5.44 MT in February 2016.
Output also decreased by 26 per cent y-o-y from 5.47 MT to 4.04 MT during the same period while inventories increased to 1.07 MT, up 18.2 per cent y-o-y from 0.906 MT in February 2016.
Yanbu Cement topped cement sales as it reported a volume of 0.474 MT but it experienced a 21.3 per cent y-o-y drop from the 0.602 MT registered in the year-ago period.
Southern Province Cement came second as it announced sales of 0.448 MT, down 38.3 per cent y-o-y from 0.726 MT