Saudi cement, clinker sales increase 16.5%


02/06/2010 00:00 AST  Saudi Gazette

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

Economic and Business News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR
Most Viewed Companies
Ticker Price Volume
SECO 14.32 2,905,570
GFH 0.19
STC 65.96 1,623,412
EMAAR 10.8 38,418,273
AKHI 40 1,183,119
DARALARKAN 13.04 97,819,880
QIBK 88.5 381,783
Recent News

NBAD Stars Loyaltycard Named Best Prepaid Card
The National bank of Abu Dhabi’s NBAD Stars Prepaid Card has won a prominent recognition as the best prepaid gift card at a recent industry awards event.

The NBAD Stars Prepaid Card, a loy

Emirates NBD Beats Estimates With 25% Quarterly Profit Jump
Emirates NBD PJSC (EMIRATES), the biggest bank by assets in the United Arab Emirates, beat analysts’ estimates with a 25 percent jump in first-quarter profit as interest income and fees growth offset

Dana Gas’ shows strong annual growth
Dana Gas, the Middle East’s largest regional private sector natural gas company, held its 8thAnnual General Meeting (AGM), Chaired by the Company’s Honorary Chairman H.H. Sheikh Ahmed Bin Sultan Al Q

Aldar launches sale of Penthouse Collection at Gate Towers
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has launched the sale of 21 exclusive duplex penthouse apartments at Gate Towers, the Penthouse C

RTA holds two awareness workshops for First Aid, kidney patients
Employees of all sectors and agencies of the Roads & Transport Authority (RTA) commended the awareness campaign recently held by the Administrative Services Department, RTA Corporate Administrative S

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

Poll

Are you satisfied with your full-service broker?