Saudi Arabia’s cement consumption up 8% in January-October 2015

Saudi Arabia's cement consumption in January-October 2015 grew 8% to 50.2 million tonnes, according to a report by Aljazira Capital. Cement dispatches in October 2015 totalled 5.13 million tonnes, for a growth of 18.2% sequentially and 26.2% year-on-year. Further modest growth is expected in the short term as the construction market picks up after a labour shortage in 2014 and with new housing projects and continued government spending on infrastructure. However, profit margins will be squeezed d
November 19, 2015 Read time: 1 min

Saudi Arabia's cement consumption in January-October 2015 grew 8% to 50.2 million tonnes, according to a report by Aljazira Capital.

Cement dispatches in October 2015 totalled 5.13 million tonnes, for a growth of 18.2% sequentially and 26.2% year-on-year.

Further modest growth is expected in the short term as the construction market picks up after a labour shortage in 2014 and with new housing projects and continued government spending on infrastructure.

However, profit margins will be squeezed due to a higher clinker inventory prompting increased competition for market share.

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