Saudi Cement postpones cement mill’s replacement to undisclosed period; in response to market conditions and export ban
Saudi Cement Company(3030.SE) has decided to postpone its project it previously announced in 2012 that included the replacement of three of its old cement mills, with new mills with production capacity of 440 ton/hour per mill, for an undisclosed period. The company’s decision came in response to current market conditions in Saudi and the continuation of the cement export ban. ( Company Disclosure) Saudi Cement: SAR60.47 as of 4 February 2016, Rating: Buy, FV: SAR100.00 per share, MCap: USD2,467 million, SACCO AB / 3030.SE
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