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
SABIC 84.15 3,077,284
RIBL 9.06 2,101,510
GFH 0.3
STC 57.56 791,995
QGTS 23.52 89,591
BURUJ 17 577,055
JARIR 89.95 438,205
Recent News

Oman reinforces telecom infrastructure through Awasr highspeed network
As the world marked 25 years of the advent of the World Wide Web in August, Oman is upbeat about its digital evolution journey aiming to bolster sustainable development efforts in the country. The Su

Muscat bourse falls on selling pressure
Selling activity in large caps weighed on the MSM 30 Index, which declined by 0.44 per cent to close at 5,537.97 points. The MSM Sharia Index closed at 849.37 points, down by 0.39 per cent.

China retains lead position in importing Oman Crude
China retained its top position as the leading importer of Oman Crude by purchasing as much as 180.99 million barrels from the Sultanate in the first nine months of 2016. This constitutes 74.97 per c

Barwa Real Estate secures QR600mn financing from QIIB
Qatar’s Barwa Real Estate, one of the State’s largest listed developers, said yesterday that it had secured a 600mn riyal ($164.8mn) financing facility from Qatar International Islamic Bank.

Banks plan to leave UK over Brexit: Official
Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country’s future relationship with the European Union, a top banki

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


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