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
GFH 0.21
SECO 14.74 5,260,462
DARALARKAN 12.5 47,357,023
ADIB 6.78 826,911
NBAD 15.05 1,349,794
MASQ 120
QIBK 83.9 396,959
Recent News

U.S. offers to cut tariffs on 99.5% of goods under TPP
WASHINGTON (Kyodo) -- The United States has proposed eliminating tariffs on 99.5 percent of goods imported from Japan, as it presses Tokyo to scrap tariffs even on agricultural products to clinch a 1

UK £50bn better off thanks to quantitative easing, says economist
Britain's economy is £50bn better off as a result of the Bank of England's decision to pump in money in the wake of the global financial meltdown, one of its most senior economists has argued.

Dollar Barely Budges Ahead Of Easter Break
The dollar was narrowly mixed in quiet dealing versus other majors on Thursday, as traders got a head start on the Easter holiday.

There was little reaction to the day's economic news, in

Japan Tertiary Industry Index Plunges In February
An index measuring tertiary industrial activity in Japan was down a seasonally adjusted 1.0 percent on month in February, the Ministry of Economy, Trade and Industry said on Friday - standing at 100

March non-oil exports weaker than expected
NON-OIL domestic exports (NODX) for March were weaker than expected, but it doesn't necessarily mean the official estimate for the first quarter's economic growth will be adjusted down further.

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?