Cement News tagged under: Middle East
Saudi monthly cement sales up 17% YoY14 January 2015, Published under Cement NewsSaudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Yamama Cement Co reveal. Saudi Cement Co registered the largest sales volume during the month with 785,000t, followed by Southern Province Cement (769,000t) and Yanbu Cement (623,000t). The highest YoY increase in December 2014 was achieved by Najran Cement (+109 per cent), followed by Hail Cement (+48 per cent) and... |
Saudi monthly sales up 39% YoY15 December 2014, Published under Cement NewsSaudi Arabia's cement sales rose 39 per cent YoY to 5.09Mt in November 2014 from 3.65Mt in November 2013, according to statistics published by Saudi cement producer Yamama Cement Co. Of the total, domestic sales accounted for 5.03Mt, up 40 per cent YoY. Exports stood at 60,000t, up from 50,000t. Saudi Cement Co achieved the highest sales with 714,000t, up from 562,000t, followed by Southern Province Cement and Yanbu Cement. The highest YoY increase was achieved by Najran Cement (+140... |
Saudi: Eastern Province in talks for new production line10 December 2014, Published under Cement NewsSaudi-based Eastern Province Cement Co said in a bourse statement that the board, in a meeting held on 9 December, discussed the project of establishing a new production line, with a clinker production capacity of 10,000tpd. The board has asked for further clarification regarding cement market data. |
Saudi: City Cement Co invest in alternative energy project04 December 2014, Published under Cement NewsCity Cement Co intends to invest SAR25m (US$6.7m) in an alternative energy project, the Saudi-based producer said in a bourse statement yesterday. The project, anticipated to be completed by the end of the first half of 2015, will be carried out by Chinese engineering company Sinoma. Without providing further details, City Cement said it will use own funds and/or Murabaha financing for the initiative. |
Omani producers face hike in natural gas prices01 December 2014, Published under Cement NewsOman’s two leading cement producers are looking to mitigate the effects of an impending rise in natural gas prices which are expected to lead to an increase in the cost of cement production. The country’s Ministry of Oil and Gas (MOG) is to increase the price of natural gas as of 1 January 2015. The price will thereafter increase every year for both companies at rates specified by the ministry. Last week, an advisory body to Oman’s government suggested spending cuts and tax rises to cope w... |
Kuwait Portland Cement 9M14 net profit up 32% YoY11 November 2014, Published under Cement NewsKuwait Portland Cement’s net profit increased by 32 per cent in the first nine months of the year to KWD8.64m (US$29.7m) from KWD6.57m a year earlier, the cement trader said in a bourse statement yesterday. Earnings per share (EPS) increased to 95.1 fils from 72.3 fils. Without disclosing exact figures, the company attributed the increase to higher sales, coupled with a rise in revenue from investments. Kuwait Portland Cement said total assets rose to KWD85.1m at end-September 2014 ... |
Hilal Cement Co net loss widens, Kuwait05 November 2014, Published under Cement NewsKuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss was mainly attributed to higher sale and administrative costs and lower sales revenue and other income. The operating loss totalled KWD 233,790, compared to a year-earlier profit of KWD 12,777. Total operating revenue climbed almost six per cent YoY to KWD4.6m. Net loss for the first three quarters of the year came ... |
Yanbu Cement 3Q profit up 16.4%, Saudi Arabia15 October 2014, Published under Cement NewsSaudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said the third quarter annual increase was was due to the lower cost of sales due on the back of a boost in production and receipt of a clinker import subsidy. The company attributed the QoQ decline to lower sales due to the Ramadan and Eid al-Fitr holiday. Earnings for the first nine months of the year declined by 7.87 pe... |
Iran to increase cement exports to Iraq15 September 2014, Published under Cement NewsIraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals," Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency, as quoted by Zawya news. He noted that the new regulations have been adopted by Iraq's Trade Ministry. Last week it was reported tha... |
Iran exports exceed 8Mt in first five months09 September 2014, Published under Cement NewsIran exported over 8Mt of cement in the first five months of the Iranian calendar year, according to the country's cement industry body. Abdolreza Sheikhan, secretary of Iran's Cement Industry Employers Association said 981,605t of cement were exported in the fifth calendar month (July 23-August 22), Iran's IRIB reported on Sunday. The country has also successfully started to use railroads to export cement to neighbouring and Central Asian countries. |