Global Cement Report
Kuwait
PDFFull Introduction ReportDownload HereAs the Kuwaiti government invests its oil revenues in important infrastructure schemes and programmes, local real estate companies add to the building boom with prestigious projects. As a result, there is plenty of demand, enabling the Kuwaiti Cement Company to run its plant at full capacity, as well as for importers to take a big slice.
Country Research
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Italian and French winters again disrupt Italcementi
07 May 2013Italcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier dropped to a €16.5m loss a...
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Kuwait Portland Cement net profit surges
07 May 2013Kuwait Portland Cement said its net profit surged to KWD3.2m (US$11.3m) in the first quarter of 2013 from KWD2.3m a year ago, the trader said in a bourse statement. Earnings per share (EPS) ros...
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Italcementi
04 April 2013Italcementi's turnover declined by 3.8 per cent in 2012 to EUR4480.1m (US$5729m), but the underlying EBITDA was down by 9.8 per cent to EUR632. After impairment charges that jumped from EUR134.3m ...
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Kuwait Cement Company net profit edges higher
28 March 2013Kuwait Cement Company recorded a net profit of KWD14.78m (US$51.9m) in 2012, up 3.6 per cent from KWD14.27m a year earlier, the company said in a bourse filing. The cement producer reported earni...
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GCC market developments
11 February 2013Global Investment House (GIH) is a leading finance and investment company that has excellent first-hand information on the Middle East cement and construction markets. Focussing on the Gulf Cooper...
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Oman Cement net profit rises 37% in 2012
23 January 2013Oman Cement Company announced a 37 per cent rise in net profit in 2012 following a rise in revenue. Net profit for the 12 months to December 2012 climbed to OMR17.5m (US$45.5m) from OMR12.8m fr...
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Italcementi
06 December 2012Italcementi's turnover declined by 4.4% to €3,395.7m during the first nine months of 2012 and the running EBITDA came down by 11.4% to €500.5m. The trading profit fell by 34.0% to €159.8m while t...
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Kuwait investors to build cement plant in Budaka, Uganda
21 November 2012President Museveni broke ground for the construction of a cement plant in Daka village, Budaka District, Uganda. The new 5000tpd factory will be constructed by the Dao Group of Kuwait and is ex...