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News Saudi cement sales expected to fall in second quarter of 2018

Saudi cement sales expected to fall in second quarter of 2018

Written by Global Cement staff 05 July 2018
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Saudi Arabia: Cement sales revenue is expected to fall quarter-on-quarter in the second quarter of 2018 due to restructuring in the industry and holidays in the period. A report by Al Rajhi Capital found that cement sales volumes fell by 16.7% year-on-year in April and May 2018. 15 cement companies reported falling sales volumes, led by Riyadh Cement and Cement City with 44.1% and 37.5% declines respectively. Only two companies, Tabuk Cement and Hail Cement, reported growth. Total inventory for the industry grew by 1.2% quarter-on-quarter to around 36.2Mt at the end of May 2018. The financial services company forecasts that revenue in the cement sector will fall by 6% year-on-year.

Last modified on 11 July 2018
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Forecast
  • Report
  • Riyadh Cement
  • Cement City
  • Tabuk
  • Hail Cement
  • Results
  • GCW361

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