Cement News tagged under: Middle East
Iranian cement consumption grows 13% in April09 June 2023, Published under Cement NewsThe Iranian cement market expanded 12.5 per cent YoY to 4.5Mt in April 2023, according to the Iranian Cement Association. Domestic cement production stood at 4.89Mt (up 7.2 per cent YoY), while clinker output reached 7.26Mt (+3.9 per cent YoY). In terms of exports, the industry’s performance was more muted. Cement exports declined 8.6 per cent to 0.384Mt when compared with the equivalent period of the previous year. Clinker exports fell by 30 per cent YoY 0.553Mt. |
Abra Holdings offers to raise its controlling stake in Oman Cement08 June 2023, Published under Cement NewsAbra Holdings Ltd (Abra) of Mauritius ( Huaxin Cement Group ) has announced a public offer to acquire an additional 15.42 per cent of the issued share capital of the Oman Cement Co (OCC), a move that would increase the former’s stake in OCC to 75 per cent. The offer opens on 14 June 2023 and closes on 25 June 2023 against an offer price of OMR0.379 (US$0.98) per OCC share. “Abra will contribute to the development of operations at OCC, increase its production efficiency, and enhance i... |
What will prompt faster decarbonisation?02 June 2023, Published under Cement NewsThis week the Alliance for Low-Carbon Cement and Concrete (ALCCC) published its latest report on 'fast-tracking cement decarbonisation'. The document looks at underperforming and reaching performance-based standards for decarbonisation. The issue with today's cement industry standards is that they are not designed for a quick entry of low-carbon cement. "Safe and low-carbon solutions already exist but need market access through environmentally ambitious standards and policies," says ALCCC... |
Oman Cement appoints Zhu Yaping as new CEO31 May 2023, Published under Cement NewsOman Cement Co ’s board of directors has approved the appointment of Zhu Yaping as the company’s new CEO with immediate effect. He succeeds Salim Abdullah al Hajri, who retired as CEO of the company. Mr Yaping is a senior executive from Oman Cement’s majority shareholder Huaxin Cement Co, which completed the acquisition of a majority 59.58 per cent stake in Oman Cement. Mr Yaping is a highly experienced professional in the cement industry with more than 30 years of experience and a dist... |
Qatar National Cement signs digital and Uzbekistan MoUs30 May 2023, Published under Cement NewsQatar National Cement Co (QNCC) has made a strategic decision to partner SAP and Google Cloud to fuel its digital transformation and ensure future-proof operations. Eng Essa Mohammed Ali A M Kaldari, QNCC CEO, emphasised the significance of this transformation: "Our aim is to modernise and streamline our systems, increase efficiencies, and enhance the services we deliver to our customers and employees. After implementation, our operations will be more agile and scalable, ena... |
WHR project begins at Fujairah plant26 May 2023, Published under Cement NewsSustainable energy solutions provider Engie Solutions has announced that work has begun on its 10MW waste heat recovery (WHR) project at Lafarge Emirate Cement 's (LEC) plant in Fujairah , UAE. The WHR plant is expected to be commissioned by year-end 2023. Last year, LEC, part of Holcim UAE, had signed a 10-year build-own-operate-transfer (BOOT) contract with Engie Solutions, under which Engie will design, finance, construct and manage operations of a 10MW WHR system on LEC’s F... |
Southern Province places contract for two new lines at Jazan22 May 2023, Published under Cement NewsSaudi Arabia-based Southern Province Cement Co has placed an order with Sinoma International Engineering Co for two new 5000tpd production lines at its Jazan cement plant. Line 3 will go under construction first and is due for completion within 18 months. Infrastructure for a second 5000tpd line (Line 4) is also being put in place, with that line expected to complete within 24 months. The US$330m project is being entirely funded by a local bank, reports Mist News. The Jazan plant cur... |
Lucky to add a new clinker line of 1.82Mt in Iraq19 May 2023, Published under Cement NewsGM Finance and Company Secretary, Faisal Mahmood, of Lucky Cement Ltd ( Yunus Brothers Group ) informed Pakistan Stock Exchange (PSX) on 18 May that the company has made a 1.82Mta expansion plan with its joint venture partner in Samawah, Iraq, taking the total capacity under its clinker production company Najmah Al Samawah to 3.13Mta. It will coincide with the increasing cement demands in Iraq. The management expects the plant to be completed in 18 months, as per PSX notice, after... |
Iranian cement market expands 3% in March17 May 2023, Published under Cement NewsCement sales in Iran reached 5.87Mt in March 2023, up 2.6 per cent when compared with March 2022, when 5.71Mt were sold, according to the Iranian Cement Association. There were no reports of imports and domestic cement production stood at 6.28Mt in March 2023, representing a 10.8 per cent YoY advance. Clinker production decreased by 2.8 per cent YoY from 6.33Mt to 6.15Mt in March 2023. In terms of exports, 0.72Mt of clinker and 0.37Mt of cement were shipped overseas. In March 2022 clinker... |
Arabian Cement reports 17% drop in 1Q profit16 May 2023, Published under Cement NewsArabian Cement Co posted a net profit after zakat and tax of SAR49.2m (US$13.1m) in the 1Q23, down 17.4 per YoY from SAR41.9m. It was 40.2 per cent higher QoQ when compared with SAR35.1m in the 4Q22. The company’s sales declined 7.4 per cent YoY to SAR240.1m in the 1Q23 when compared with SAR259.3m in the equivalent period of the previous year, according to Mubasher. |