Qassim Cement expects 5% rise in production costs on fuel prices changes

Qassim Cement factory

Qassim Cement Co. (QCC) announced that the expected financial impact of fuel price adjustments for the products used to operate its plants in Qassim and Hail will lead to a 5% increase in total production costs, effective Jan. 1, 2025.

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In a statement to Tadawul, the company reaffirmed its commitment to adopting the best available measures and practices to mitigate the financial impact, enhance operational efficiency, and drive sustainable business growth to maximize shareholder value.

In 2024, QCC joined the Industrial Sector Competitiveness Program, which aims to reduce financial burdens and improve energy consumption efficiency, the statement added.