Eastern Cement joins Industrial Sector Competitiveness Program

Logo of Eastern Province Cement Co. 

Eastern Province Cement Co. joined the Industrial Sector Competitiveness Program, based on which the company signed an agreement with the program that includes providing several solutions that help raise the efficiency used in industrial facilities.

In a statement to Tadawul, the company clarified that the program will contribute to reducing production costs, in addition to the company’s previous projects to develop and improve energy efficiency.

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Accordingly, the financial impact of the increase in production costs decreased from 4% to 3% as of Jan. 1, 2024.

The company also confirmed that it will work during the coming period to explore additional solutions to raise production efficiency and reduce costs.

According to data available with Argaam, the company announced in January 2025 it was notified by Saudi Arabian Oil Co. (Saudi Aramco) of higher prices of gas and diesel products used in the company’s activities, effective as of Jan. 1.

It added that this adjustment will have a near 3% financial impact on the cost of sales starting from Q1 2024, as per the latest issued income statement.