Trading on Saudi Yanbu Cement suspended after fire

Trading on Saudi Yanbu Cement suspended after fire
Published: 13 July 2010

The Saudi bourse regulator on Monday suspended trading on Yanbu Cement Co after a fire erupted at one of its production lines.

"The other production lines are operating at full capacity and the plant’s sales are not going to be halted. Both the production and the plant are totally insured," Yanbu said in a statement.

The fire erupted at a boiler after a technical glitch, said Yanbu Cement, the fifth biggest cement producer in the kingdom.

Yanbu Cement sales won’t be impacted after fire on output line. The damaged unit will be replaced in five days, the company said in a statement. It has more than 500,000t of clinker stock, it said.