Riyadh - Mubasher: Najran Cement Company announced the financial impact of suspending its second production line.
The shutdown resulted in fixed costs at a value of SAR 19.4 million ($5.17 million million), according to a bourse filing on Thursday.
The company noted that selling from the inventories will limit the aforementioned effect.
Najran Cement announced on 1 March the suspension of its second production line temporarily due to the market’s current situation and lower demand, which ended in higher clinker stock.
