The PSCS enjoys a monopoly of the cement imported from Nasher Israel Cement Enterprises and PSCS makes 80 Shekels profit from a single ton of cement without taking the newly proposed price increase into account," he said.
The PSCS wants to make the most possible profit without making any kind of effort," he stressed.
The owners of ready-made cement companies in the West Bank have invited the PSCS to hire staff to manage the proposed factories with the owners happy with 20 Shekels profit per cubic meter of cement.
Moatasem Malouh, an owner of a ready made cement factory, said that the PSCS has ended up in a financially embarrassing situation because the PSCS's agreement with the Israeli cement factory stipulates that the PSCS should import a huge amount of cement which it cannot store.
Unless the companies restart their operations, the PSCS will be in a critical situation," he told Gulf News.
The PSCS has been making huge profit from cement, and the cement factories pay taxes at the end of the year on the cement.
We are excited about being included on the Wikirating portal," said Marc Joffe, founder of northern-California based PSCS and a former Senior Director at Moody's Analytics.
Dorian Crede, founder of Wikirating, added that, "The PSCS Public Sector Credit Framework is consistent with our objective of injecting mass collaboration technologies into the rating discussion.
While other not-for-profit credit rating initiatives have been announced, Wikirating and PSCS have both been generating content for several months.