Yanbu Cement reacts to fire damage as it looks to continue positive business
Yanbu Cement Co., Saudi Arabia, has revealed that the fire that broke out on the company’s fourth production line on Monday will only have a minor impact on the company’s operations. The affected line will be replaced within five days. In the meantime, the company’s clinker stocks are in the region of 500 000 t.
Yanbu Cement has also posted a second quarter new profit increase of 16% y-o-y, rising to SAR 192 million (US$ 51.2 million) as a result of higher sales and demand. Operating profit for the period rose 13% to SAR 188.
Read the article online at: https://www.worldcement.com/africa-middle-east/13072010/yanbu_cement_reacts_to_fire_damage_as_it_looks_to_continue_positive_business/
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