Northern Cement reports 'robust' 3Q19 sales

Saudi Arabia's Northern Region Cement Co has reported 'robust' 3Q19 financial results, according to General Manager, Obeid bin Saad Al-Subaie.

"The Kingdom did not witness an improved cement demand, yet, the prices' increase helped the cement producers adjust their status," stated Mr Al-Subaie.

He also added that the company has abundant stockpiles of white cement.

In November, Saudi Arabia’s King Salman launched the Northern Region Cement Co's white Portland cement project, with a capacity of 1500tpd. The new project will narrow the current market gap and it will more difficult for competitors from Turkey and Egypt to penetrate the market.