Saudi cement production forecast to fall 5-10% in 2017

Saudi cement production forecast to fall 5-10% in 2017
18 January 2017


A number of Saudi cement companies plan to cut production by 5-10 per cent this year to deal with reduction in demands, Al Sharq Al Awsat newspaper has reported.

The decline is attributed to low local demands for cement and high competition with the existence of 15 companies, as well as increase in the production cost as result of the increase in the energy prices.

Saudi cement companies are predicted to sell around 60Mta in 2017, the paper claims.


Published under Cement News

Tagged Under: production Saudi Arabia