Concrete barriers by Israel against Jordan
Jordan-Israel, Business, 11/19/1997
Sources in the Jordan Concrete Company said they expect Israel to continue placing obstacles to the entrance of Jordanian concrete to the Palestinian markets.
These sources said that Israel wants to maintain its dominance in these markets, especially since Jordan's concrete prices are lower than the prices of Israeli concrete. Similarly, Israel obstructs the entrance of Egypt's concrete to these markets.
The profits of the Jordan Concrete Company were reduced to 18.7% during the period of the first nine months of this year compared to the same period of the last year, and by the end of last September it reached $12.8 million, this was after a decrease in sales from $27.4 to $26.2 million.
Due to these negative results, the prices of shares in the Jordan Concrete Company dropped in Oman's stock market to reach 4.3 Dollars from their highest level of 5.65 dollar.
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