Saudi August dispatches rise 29.8% YoY

Saudi August dispatches rise 29.8% YoY
Published: 18 September 2014

Tagged Under: Saudi Arabia Dispatches 

Saudi cement dispatches for August 2014 climbed to 3.96Mt, an increase of 29.8 per cent YoY and 47.8 per cent MoM, AlJazira Capital has stated in a report citing the data issued by Yamamah Cement Co.

The YoY increase in dispatches is primarily due to the fact that part of Ramadan and the holiday season fell in August 2013. The significant MoM growth is attributed ti cement demand recovering after Ramadan.

On a YoY basis, Arabian Cement and Najran Cement showed a strong rises in dispatches of  86 per cent and 60.8 oer cent, respectively for August. Saudi Cement and Yanbu Cement, meanwhile, showed the lowest growth of 2.3 per cent and 17.7 per cent, respectively.