According to a release to the Saudi Stock Exchange (Tadawul), the company has shut production lines one to five, resulting in a reduction in clinker capacity of 5600 tpd.
Clinker stocks had been rising in Saudi Arabia, following a significant deterioration in cement demand since the end of Eid in September on the back of government austerity measures and weak private sector demand.
According to cement industry analysts, IA Cement, cement demand will continue to weaken in 2017, falling 4 – 5%.
