Yansab: Product price improvement offset by feedstock cost

Yansab Chairman Mutlaq Al-Morished said the rise of prices of some products offered by the company has not covered feedstock price hikes, and that the company’s expansion plans rely on availability of feedstock.

Yansab has the financial capacity and the will to expand its business and increase production lines, but it all relies on the availability of feedstock, he told CNBC.

Yansab operates its plants at high capacity to help cover the rising cost of feedstock, he added.