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Article: Yamama moves to arrest downturn.
- Article from:
- Gulf Industry
- Article date:
- May 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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One of Saudi Arabia's top three cement companies hopes restructuring and revenue-improving policies will help it recover ground after a decline in sales and net profits. Yamama Saudi Cement Company has said it is rationalising costs and operational expenses and streamlining production to safeguard its market share. The company also began implementing this year a restructuring programme recommended by an international consultancy. Yamama did not elaborate on the restructuring. To reduce overall costs and concentrate on its main business, the company last year sold its paper sacks plant to Cement Products Industry Co of Jeddah in which it owns a third of the equity. And ...