Saudi Arabia: Cement producers are planning to cut their production by 5 – 10% in 2017 due to a fall in demand. The decision follows declines in profits of around 17% by local companies in 2016, according to the Al Sharq Al Awsat newspaper. The decrease in demand for cement has been blamed on competition, high production costs and high energy costs. Cement sales in the country started to decline in 2015 following the low international price of oil.
Saudi Arabian cement producers to cut production by up to 10% in 2017
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