Riyadh-Mubasher: Yanbu Cement Co. (YCC) said its 2015 sales have reached their highest level since inception despite the major challenges facing the local cement sector, according to the board’s report for 2015.
The cement producer added that it plans to continue with its strategic trends in order to boost its operating performance, maintain market share and overcome future challenges.
YCC increased its local market share, thanks to product quality and distinguished relation with customers, according to the report.
Total sales reached 7 million tonnes in 2015, a rise of 11.4% compared with 6.29 million tonnes in 2014.
Cement dement increased by 7.4% last year.
Some other companies said the sector is facing challenges such as weak demand, surge in inventories and launch of commercial operation at some new plants.
The Western region leads in demand growth, the company said, adding that it buys its products in the local market, mainly in the Western region.
Makkah and Jeddah account for 85.13% of YCC’s revenues, while Madinah dominates 14.8%. The remaining regions make up 0.05% of total revenues.
Translated by Abdul Maguid Aboshahla
