Saudi November sales drop 17%

Saudi November sales drop 17%
11 December 2013

Saudi cement sales fell 17 per cent in November 2013 to 3.65Mt compared to 4.37Mt in the same period in 2012.

All companies reported a decline in sales with the exception of Northern Province Cement, Arabian Cement and Madinah Cement which saw increases of 58, 24 and 20 per cent, respectively, the report, based on data released by Yamamah Cement Company (YCC), said.

Riyadh Cement and Al Jouf Cement posted the largest drop in November at 45 and 44 per cent, respectively, the report said. Likewise, sales of Saudi Cement and YCC contracted by 21 per cent and 32 per cent, respectively.

Previously, a YCC report said cement sales rose by two per cent to 4.19Mt in October 2013 compared to 4.13Mt in October 2012.

Published under Cement News

Tagged Under: Dispatches Saudi Arabia