Saudi cement sales rise 12% in July

Cement sales of companies operating in Saudi Arabia recorded an increase of 11.53 per cent in July 2017.

Sales rose to 3.49Mt in July 2017, compared to 3.13Mt during the same month of the previous year.

The companies’ gross production grew by five per cent YoY to 3.37Mt in July 2017 from 3.2Mt, according to a monthly report issued by Yamama Cement Company.

On the other hand, cement inventories decreased marginally by 1.96 per cent to 1.1Mt last month, compared to 1.12Mt in July 2016, according to the report.

Southern Province Cement topped the sales list with 409,000t sold in July, down 5.32 per cent from 432,000 in the prior year period, while Yamama Cement came in second with a YoY sales growth of 17.52 per cent to 369,000t from 314,000t.

Meanwhile, Tabuk Cement registered the lowest sales of 61,000t in July, down 17.6 per cent from 74,000t in the year-ago period.