Yanbu Cement to shut down production line for 60 days on modernization

Yanbu Cement Co. announced that production line No. 4 will be shut down for 60 days as of Feb. 15, in line with the implementation of its strategic plan of modernization, according to a bourse filing.

Sales will not be impacted by the suspension of the production line, given the sufficiency of its clinker strategic stocks.

Meanwhile, production line No. 5, which represents 60% of the company's total capacity, will continue at full capacity.

It also noted that the financial impact will be limited to the increase in production costs only, which was considered when preparing the operation plan for 2021.