Sunday, 07th February 2016

Saudi Cement Company Announces Temporary Stoppage Of KILN (6) With Daily Production Capacity Of 3500 Ton Of Clinker.

2016-02-07 (1437-04-28 )

Saudi Cement Company announces that the Board of Directors has discussed during its meeting on 04/02/2016 (25/04/1437) the current market conditions and continuation of export ban, which led to the rise of clinker inventory to high levels. Accordingly, the Board have resolved to temporarily stop Kiln (6) with daily production capacity of 3500 ton of clinker until market conditions improve including lifting of export ban. Since Kiln (6) production would have been added during 2016 to inventory, which has already reached around 4 million tons, it is not expected that this stoppage would have any impact on the financial results.