Saudi cement companies see 11% year-on-year drop in total sales

RIYADH: Total sales of 17 Saudi cement companies decreased in September by 11 percent year-on-year, to 4.1 million tons, Argaam reported.

Sales reached 4.6 million tons in September 2020, according to data from Yamama Cement.

The majority - 12 companies - saw their local sales decreasing, led by Northern Cement with a dramatic 45 percent year-on-year drop, followed by Al Jouf Cement down 34 percent and Umm Al-Qura (UACC) with a 28 percent fall.

Bucking the downward trend were Riyadh Cement, where local sales increased by 27 percent, followed by Yamama Cement with an 18 percent increase, Qassim cement with 5 percent and Arabian cement up by 2 percent.

United Cement local sales remained unchanged at 141 million tons.