CITY CEMENT
3003
18.12%
20.60
3.16
3003
City Cement Co. announced that the reparation of the technical failure in mill No. 2 will take 3-4 months. However, it added that the plant is producing clinker at the same volume.
The company stated that a third mill is being constructed, adding that it will be operative early in Q1-13.
The technical failure will lead to a decline in sales by SAR 50 million, or 10% of total sales during FY12, the cement producer indicated.
Source:
Mubasher