Saudi cement, clinker sales increase 16.5%


02/06/2010 00:00 AST

Cement and clinker sales in Saudi Arabia, including exports in April, stood at 3.91 million tons, reporting an increase of 16.5 percent year-on-year, NBC Capital said in its monthly report on the Kingdom’s cement sector.

However, sales decreased by 7.8 percent month-on-month compared to 4.24 million tons in March, the report noted.

Cement exports stood at 105,000 tons in April this year, up 47.9 percent year-on-year. However, on a month-on-month basis, cement exports declined 1.9 percent from 107,000 tons in March.

In April 2010, cement production fell by 3.2 percent month-on-month to 3.93 million tons. Additionally, clinker production decreased by 12.9 percent month-on-month to 3.28 million tons.

Clinker stock as a percentage of cement sales increased to 236 percent from 226 percent in March 2010 and the high of 481 percent in September last year. Saudi Arabia has 12 cement companies with an estimated annual cement production capacity of 48 million tons.

In April, total cement sales in the Kingdom stood at 3.61 million tons versus 3.96 million tons in March and 3.26 million tons in April 2009. Clinker sales in April stood at 140,000 tons compared to 104,000 tons in March and 27,000 tons in April 2009.

Nonetheless, private players continued to increase their share of the market, now at an all-time high of 21.4 percent against 13 percent a year ago, the report added.

In April 2010, cement and clinker exports stood at 105,000 tons and 63,000 tons respectively. Four companies exported cement during the month-Saudi Cement Saudi Cement, Eastern Province Cement, Northern Region Cement and Tabuk Cement.

In April, cement and clinker sales in Saudi Arabia were up 20.1 percent year-on-year to 3.75 million tons compared to 3.29 million tons in April last year. However, month-on-month sales fell by 7.8 percent compared to 4.06 million tons in March.

Most companies reported year-on-year declines in volumes with Qassim the worst with volumes down 14 percent year-on-year. Saudi Cement reported the highest growth in domestic sales on an year-on-year basis at 36 per cent with only Yamama and Arabian the other cement companies recording positive growth year-on-year. All firms reported month-on-month declines in sales volumes.

The Kingdom’s cement exports declined to 105,000 tons in April compared to 107,000 tons in March, although higher than the 71,000 tons in April last year. Additionally, clinker exports decreased to 63,000 tons in April this year compared to 73,000 tons in March. Companies did not export clinker at all in April 2009.

For more on this Click Here

Saudi Gazette
Economic and Business News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
RIBL 11.03 528,496
GFH 0.24
SABIC 81.92 10,783,841
WAFRAH 27.45 1,590,802
SIPCHEM 14.2 640,122
ALMARAI 55.05 114,628
TAWUNIYA 83.03 99,342
Recent News

Central Bank of Bahrain bonds oversubscribed
The latest issue of five-year government development bonds has received subscription to the tune of 113 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth

Goods and services set to cost more with VAT rollout
Consumers and businesses in Bahrain need to gear up for the introduction of Valued Added Tax (VAT) from January 1, 2018 which is set to make consumption of goods and services more expensive.

First independent Chinese refiner trades DME Oman
Shandong Chambroad Petrochemicals Co, has become the first independent Chinese refiner to trade Oman crude oil futures on the DME, the leading east of Suez energy exchange. The Chinese government al

National Bank of Oman to offer mortgages on Bausher Heights villas
National Bank of Oman (NBO) announced on Wednesday that it has entered into an agreement to offer mortgages on 16 villas currently being built in the Bausher Heights development in Muscat.

Major initiatives to make a central fisheries hub for the region
Oman is taking several major steps to develop fisheries sector to make the country a hub for the region, said the Minister for Agriculture and Fisheries.

“We are trying to build Oman as a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?