Saudi Arabia: domestic firms' sales down 22% in November

Saudi Arabian cement companies saw their sales fall 21.92 per cent YoY to 4.2Mt in November from 5.4Mt in the same month last year, according to a Yamama Cement report.

Total production declined 20.2 per cent 4.23Mt in the month under review when compared to the 5.3Mt registered in November 2015. Inventories rose 16.5 per cent to 1.13Mt last month, up from 971,000t a year prior.

Of the Saudi cement producers, Yanbu Cement posted the highest sales figures of 690,000t, up 11.3 per cent YoY from 620,000t. Saudi Cement Co came in second with 520,000t, but saw its sales decrease 17.3 per cent YoY from 629,000t in November 2015.