YCC Expects Higher Production Costs Due to Fuel Price Adjustments

Yanbu Cement Company (YCC) announced on Thursday that it received a notification from Saudi Aramco regarding the adjustment of fuel product prices used in cement production, effective from the beginning of the new year.

It explained in a statement on “Tadawul” that this adjustment will have a financial impact reflected in an increase in production costs, which will appear in the financial results for the first quarter of 2025, indicating that it is currently working on calculating the expected financial impact and will be announced as soon as it is completed.

It indicated that it will do its utmost during the coming period to research and study ways to mitigate the financial impact resulting from this adjustment. Noting that during 2024, it joined the Industrial Competitiveness Programme, which will contribute to reducing the financial impact and improving energy consumption efficiency