Yanbu Cement signs deal with German Pilard

Published May 23rd, 2001 - 02:00 GMT

The Yanbu Cement Company recently signed a 20 million Saudi riyal ($5.3 million) agreement with the German Pilard Company, according to the London based Al-Sharq Al-Awsat daily.  


Under the agreement, Pilard will modernize the incineration and storage facilities at Yanbu Cement’s three existing furnaces. The upgrading process will enable the furnaces to be operated with the lighter 380-weight fuel rather than crude oil. 


The agreement is one part of Yanbu’s effort to promote the standing of the company, which saw an increase in domestic sales of seven percent this past year, from 798,000 in the first quarter of 2000 to 857,000 in the same period 2001.  


In addition, Yanbu increased its “clinker” exports, from 170,000 tons in the first quarter of 2000 to 210,000 tons in the corresponding period of 2001, reflecting a 24 percent rise. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)

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