Yamama Cement suspends clinker production
Published by Jonathan Rowland,
Riyadh-based cement producer, Yamama Cement, has suspended operations on a number of its clinker production lines in response to soft demand for cement in Saudi Arabia.
According to a release to the Saudi Stock Exchange (Tadawul), the company has shut production lines one to five, resulting in a reduction in clinker capacity of 5600 tpd.
Clinker stocks had been rising in Saudi Arabia, following a significant deterioration in cement demand since the end of Eid in September on the back of government austerity measures and weak private sector demand.
According to cement industry analysts, IA Cement, cement demand will continue to weaken in 2017, falling 4 – 5%.
Read the article online at: https://www.worldcement.com/africa-middle-east/25012017/yamama-cement-suspends-clinker-production/
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