City Cement says production costs to rise 7% on fuel price hike

08:54 AM (Mecca time) Argaam
City Cement Co.'s plant

City Cement Co.'s plant 

City Cement Co. said that the adjustment in fuel product prices will result in a 7% increase in production costs, according to a Tadawul statement.
 
 
The cement producer joined the Industrial Sector Competitiveness Program in 2024 to minimize the financial impact of changes in fuel product prices, the statement added.

City Cement earlier received a notice from Saudi Aramco on adjusting prices of fuel products from Jan. 1, Argaam reported earlier.

 

The financial impact of this development is expected to be reflected in the company’s Q1 2025 results, the statement noted.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.