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Riyadh – Yanbu Cement Company will shut down its production Line 4 for 60 days starting as of 15 February 2021 for upgrade.
Dispatches will not be affected by this halt as there is a sufficient clinker strategic stock. In addition, Line 5, which represents 60% of the company's total capacity, will continue working at full capacity, according to a bourse filing on Wednesday.
The financial impact of the shutdown will only be limited to an increase in production costs.
Over the nine-month period ended 30 September 2020, the cement producer achieved net profits of SAR 210.12 million, up by 20% yearly from SAR 174.9 million.
Source: Mubasher
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