Saudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according to Reuters.
Second-quarter sales surged from SAR88.1m in the 2Q18 to SAR154.5m in the 2Q19. The rise in sales was driven by an increase in average selling prices.
Jilin Penglin industry to acquire Dalian Onoda Cement
Dalian Onoda Cement Co., Ltd, the consolidated subsidiary of Taiheiyo Cement Corp (Japan) loca...