Northern Cement reports 'robust' 3Q19 sales

Northern Cement reports 'robust' 3Q19 sales
24 October 2019

Saudi Arabia's Northern Region Cement Co has reported 'robust' 3Q19 financial results, according to General Manager, Obeid bin Saad Al-Subaie.

"The Kingdom did not witness an improved cement demand, yet, the prices' increase helped the cement producers adjust their status," stated Mr Al-Subaie.

He also added that the company has abundant stockpiles of white cement.

In November, Saudi Arabia’s King Salman launched the Northern Region Cement Co's white Portland cement project, with a capacity of 1500tpd. The new project will narrow the current market gap and it will more difficult for competitors from Turkey and Egypt to penetrate the market.

Published under Cement News