Southern Province reviewing growth plan

Southern Province reviewing growth plan
Published: 08 June 2009

A Saudi ban on cement exports may force Southern Province Cement Company (SPCC) to freeze expansion plans and prevent it from meeting contracts, its chief executive said.

SPCC, which was the biggest Saudi cement firm by turnover last year, had been planning to expand one of its three factories by the end of 2010 but has now decided to wait until market conditions improve, Safar Dhufayer said.

"As long as the ban exists we might consider delaying or changing the plan," he said.

The firm produced 5.7Mt of cement last year.