UAE: Arkan Building Materials has sold the closed Emirates Cement plant for US$13.6m, according to Mubasher. The unit was originally closed in late 2016 on a temporary basis due to rising gas and electricity costs. It later decided to permanently close the plant. The company continues to run its Al Ain Cement plant.
Arkan Building Materials sells closed Emirates Cement plant for US$13.6m
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://globalcement.com/news/item/8792-arkan-building-materials-sells-closed-emirates-cement-plant-for-us-13-6m
© 2024 Pro Global Media Ltd. All rights reserved.