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Northern Region Cement Flags Higher Production Costs Amid Higher Fuel Prices

MT Newswires·01/01/2026 23:26:49
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11:26 PM EST, 01/01/2026 (MT Newswires) -- Northern Region Cement (SASE:3004) anticipates an 11% increase in production costs due to Saudi Arabian Oil (SASE:2222), d/b/a Saudi Aramco's, changing the prices of fuel products, effective Thursday. The cement manufacturer said the same day that the financial impact would be mitigated due to its participation in the 2024 industrial sector competitiveness program and that the company would also take other necessary measures to minimize costs and improve production efficiency.