Friday, November 26, 2010

SYRIA: Tartous Company for Manufacturing Cement & Building Materials Produces 1.2 Million Tons of Cement

Damascus - Tartous Company for Manufacturing Cement & Building Materials has produced 1, 277 million tons of cement since the beginning of 2010 with a value of SYP 4.742 billion (1USD= 46 SYP) with an execution rate of 109 percent in comparison with 1.155 million tons in 2009 with a value of SYP 3.967 billion as the production increased by 11 percent.

In a report on its production and promotion plan, the Company indicated that during the first ten months of the current year its production of clinker (cement before grinding) was estimated at 1.177 million tons while the planned amount was estimated at 1.124 million tons and the Company's production of the same material last year reached 1.088 million tons with a growth rate of 8 percent.

The Company's Director Ahmad Jawhara said that the Company has achieved qualitative leaps as its production of cement last year amounted to 1.6 million tons which is equivalent to a quarter of Syria's production of cement, adding that the value of the total cement sales hit SYP 6.5 billion.

Jawhara indicated that the profits of the Company hit SYP 542 millions in 2009, expecting that several positive outcomes will be achieved in 2010 due to the measures which have been taken for improving the environmental conditions benefiting from the available potentials.

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