Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Cement sales down 17% to 3.65m tons in November  Join our daily free Newsletter

MENAFN - Arab News - 11/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Sales of cement companies dropped by 17 percent in November 2013 to 3.65 million tons compared to 4.37 million tons in the same period in 2012, local media said quoting a report.
The sales drop was attributed to the correction campaigns and raids recently carried out against irregular foreign workers following the expiration of amnesty period on Nov. 3, experts said.
Sales of all cement companies fell during November with the exception of three companies, namely Northern Province Cement Company (NPCC), Arabian Cement Company (ACC) and Madinah Cement Company (MCC) whose sales increased by 58 percent, 24 percent and 20 percent, respectively, the report, based on data released by Yamamah Cement Company (YCC), said.
Riyadh Cement Company (RCC) and Jouf Cement Company (JCC) posted the biggest drop in Novembe at 45 percent and 44 percent, respectively, the report said. Likewise, sales of Saudi Cement Company (SCC) and YCC contracted by 21 percent and 32 percent, respectively, according to the report.

Regarding clinker, the 15 working cement companies produced 4.75 million tons in November compared to 4.35 million tons in the same period last year, or an increase of 9.19 percent, the report said.
Earlier, a YCC report said cement sales rose by 2 percent to 4.19 million tons in October 2013 compared to 4.13 million tons in October 2012.
Additionally, the volume of cement produced by Saudi cement companies reached 4.23 million tons against 4.22 million tons in the comparable periods.
For clinker production, it soared by 19 percent in October 2013 to reach 4.74 million tons compared to 3.98 million tons in October 2012.


 


Arab News




  MENA News Headlines
 Jul 24 2016 - Bahrain to launch USD526m market revampMENAFN
(MENAFN) Bahrain's government has announced a USD526 million project to revamp Bahrain's Manama Central Market.In detail, the project is still awaiting approval, six months after it was suspended ...

 Jul 24 2016 - Enec, KHNP shake hands on support services dealMENAFN
(MENAFN) The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have inked an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu ...

 Jul 24 2016 - QIA, Douglas Emmett acquires USD225m LA office buildingMENAFN
(MENAFN) Qatar Investment Authority (QIA) has announced the acquisition of a mega office property in Los Angeles in joint venture with Douglas Emmett, a real estate investment trust (REIT.In detail, ...

 Jul 24 2016 - Kuwait to launch USD27bn dealsMENAFN
(MENAFN) Kuwait's market awaits USD27 billion worth of contracts before year-end, in spite of the low oil prices, an official source said.Kuwait awarded USD2.7 billion worth of deals in the second ...

 Jul 24 2016 - Ezdan reduces water usage by 60 pctMENAFN
(MENAFN) Qatar's Ezdan Real Estate Company has put together 262,000 water saving devices in 15,000 residential units, resulting in a capacity of up to 60 percent fall in water consumption.Ezdan ...

 Jul 24 2016 - UAE's Musanada accomplishes 32 pct of Al Ain hospitalMENAFN
(MENAFN) Abu Dhabi General Services Company (Musanada) has so far completed 32 percent of the work on the USD1.20 billion new Al Ain hospital project.The hospital's concrete and steel structure has ...

 Jul 24 2016 - Foreign ownership proportionate share of cellular revenues is the highest in Jordan and SudanMENAFN Press
(MENAFN Press) The Arab Advisors Group analyzed the ownership structure and revenues of all cellular operators in fifteen Arab countries. The analysis aimed at examining the "actual" level of ...

 Jul 24 2016 - Oman to start trial work for spot market by 2019MENAFN
(MENAFN) Oman aims to start trial work for a spot market for electricity by 2019 and commercial operation in the coming year.Furthermore, the market is a substitute route for power producers to sell ...

 Jul 24 2016 - Egypt's VAT aims to low its budget deficitMENAFN
(MENAFN) Diesel and octane prices will not increase under the new Value Added Tax (VAT), which is recently being discussed in parliament.Additionally, the price of fuel at the pump is included in the ...

 Jul 24 2016 - Living in a Digital Age: Gayane Grigoryan Reflects on the Power of Corporate Communications at SMMMENAFN Press
(MENAFN Press) Gayane Grigoryan, Head of Marketing and Communications Department at Iris Media, took the Social Media Marketing Forum (SMM) by storm earlier this week. As a key note speaker, she ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help