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FINANCIAL NEWS
Jordan cement demand falls by 40pct in seven years
09 May 2017
(MENAFN) Cement demand in Jordan has fell by almost 40 percent over the past seven years due to lower project activity and higher land prices.
Moreover, the decline in consumption forced the recent closure of one cement plant, cutting the number of cement factories in Jordan to 5 at the start of the year.
On the other hand, local cement demand reached almost 1.2mn tons in the first four months of this year, equivalent to the same period of last year.
The kingdom has five cement plants with a joined output capacity of 7.5mn tons a year against an actual annual consumption of almost 4.5mn tons over the past five years.
MENAFN0905201700450000ID1095462613
MENAFN0905201700450000ID1095462613
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