Saudi Cement’s Hofuf kilns to remain closed
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
According to local reports, Saudi Cement Company will keep two kilns at its Hofuf plant, located in the Al-Ahsa Oasis in Saudi Arabia’s Eastern Province, closed following refurbishment work due to weak demand and high inventory levels. Saudi Cement has suffered from sluggish domestic demand throughout this year, recording a decline in y/y profit in both 1Q14 and 2Q14.
A statement released by the company noted that, up until August, its sales had fallen by around 14% y/y as a result of increased production volumes from Saudi cement manufacturers and sluggish demand. “The feasibility of operating these two kilns shall be reconsidered whenever market conditions warrant that,” the statement continued.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/africa-middle-east/22092014/saudi-cements-hofuf-kilns-to-remain-closed-527/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
World Cement Spotlight with Dracyon Corp
In this latest World Cement Spotlight Interview, Senior Editor David Bizley is joined by Jeff Shelton of Dracyon Corp.
