Tabuk Cement Joins Industrial Sector Competitiveness Program

Tabuk Cement Company announced on Thursday that it has joined the Industrial Sector Competitiveness Program by signing an agreement that includes several solutions aimed at enhancing the efficiency and quality of energy sources used in its industrial facilities. This initiative is expected to reduce the company’s production costs. As a result of this agreement, the increase in production costs will be reduced by approximately 20%, with the increase now being 10% instead of the previously anticipated 12%.

Tabuk Cement also stated that it will continue to explore additional ways to enhance production efficiency and further reduce costs in the future.

This announcement follows the company’s earlier notification, published on the Tadawul website on 21/01/2024, regarding changes in fuel product prices from Saudi Aramco that impact the company’s operations.