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Saudi Cement Sales Drop 8.5% to 4.1 Million Tons in September

admin-augaf by admin-augaf
October 6, 2023
in Business, Finance, International
Reading Time: 1 min read
0
Saudi Southern Cement Profit Slump 69% in Q2 on Weak Local Demand
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Riyadh October 6 2023: The aggregate sales of 17 Saudi cement producers decreased by 8.5% to 4.1 million tons in September, from 4.5 million tons a year earlier, according to recent data issued by Yamama Cement Co.

Local sales declined by 8.26% to 3.9 million tons while exports fell by 13.3% to 183 thousand tons, according to the data.

Locally, eight market players reported better sales, led by Al-Safwa Cement Co. with a 20% year-on-year (YoY) surge. Eastern Province Cement Co. came second with an 18% increase YoY.

On the other hand, nine cement producers recorded lower sales, dragged by Saudi Cement Co. with a drop of 36% YoY. City Cement Co. took the second place with a decline of 32% YoY.

Tags: Saudi Cement
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