Najrān Cement partners with Industrial program to cut costs
Nagar Cement Company announced the signing of a strategic agreement with the Industrial Sector Competitiveness Program aimed at reducing production costs and enhancing operational efficiency. This initiative will decrease the expected increase in production costs from 11% to 8%. This move is part of the company's efforts to confront rising fuel prices used in its operations. The positive financial impact of this step is expected to start reflecting in the company's results beginning with the second quarter of 2026. The company is also implementing internal plans to cut costs and improve energy consumption, with the goal of achieving financial stability amid challenges faced by the energy and industrial sectors.
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