Riyadh-Mubasher: Saudi cement factories are expected to post a 10% fall in Q4 earnings, sources told a local gazette.
The forecasts are based on some indicators such as lifting oil prices which will contribute to increasing expenses, OKAZ newspaper reported.
The cement factories' accumulated surplus of clinker ranges between 22-23 million tonnes, the sources said, adding that these quantities are increasing amid the continued ban on exports and decline in consumption over the last months.
The factories are unable to reduce production capacity currently.
Cement demand declined significantly over the last years, helped by the government projects.
