Two more Saudi Arabian cement companies have announced a slump in net profits in 4Q16 on weakening demand.
Africa & The Middle East
Clarcor has reported its financial results for 4Q16.
Middle Eastern and African cement demand is expected to be challenged in 2017, although Africa will still show growth.
More Africa & The Middle East news
Raysut Cement, the largest cement producer in Oman, has reported a preliminary rise in profits in 2016, despite a slack construction sector.
AUMUND has won the order to supply the clinker conveying equipment for the new Beni Suef Greenfield plant.