Cement News tagged under: Middle East
Iran’s output surpasses 29Mt in first five months04 September 2014, Published under Cement NewsIran’s cement output totalled 29.504Mt in the first five months of the current Iranian calendar year beginning 21 March 2014, the country’s Mehr News Agency reported. During the period, clinker production reached 32.378Mt. Of the total, some 23.351Mt was supplied to the domestic market. In the fifth calendar month alone (23 July – 22 August), cement and clinker production totalled 5.608Mt and 6.6Mt, respectively. In the previous Iranian calendar year, the country produced 69.68Mt, expo... |
Iran’s output climbs to 23.8Mt13 August 2014, Published under Cement NewsIran produced 23.8Mt of cement during the first four months of the current Iranian fiscal year, which started on March 21. The figure is 31 per cent higher (5.7Mt) than the comparative period of last year, Iran's IRNA news agency reported. During the last fiscal, Iran’s output amounted to 69.46Mt, a 0.9 per cent YoY decline. |
Oman: Raysut Cement first-half net profit ahead12 August 2014, Published under Cement NewsOman’s Raysut Cement reported a 5.9 per cent rise in net profit in the six months to the end of June 2014 while cement volumes held firm despite heightened competition. The company reported a net profit of OMR15.58m in the first-half of 2014, an increase of 5.9 per cent from the corresponding period last year. Group revenue inched down to OMR49.49m from OMR49.52m. Company chairman Sheikh Ahmed al Ibrahim said the group was able to maintain cement sales volumes at 2013 levels in spite o... |
Suez Cement 1H earnings rise on cost control efforts23 July 2014, Published under Cement NewsSuez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p... |
Qatar demand slows during Ramadan22 July 2014, Published under Cement NewsCement demand in Qatar has dropped by 40 per cent during Ramadan, prompting the country’s largest cement producer to undertake maintenance work during the slowdown. Speaking to The Peninsula, Mohamed Al Sulaiti, general manager of Qatar National Cement Company (QNCC), said the company is taking the opportunity to conduct equipment maintenance to enable it to better serve the market during the busy season starting from mid-August. QNCC in June contracted Fives FCB (France) to construct a... |
Lafarge Iraq launches an improved version of Karasta multipurpose cement26 June 2014, Published under Cement NewsLafarge Iraq has launched a new version of Karasta, its multipurpose cement which is tailor-made for the Iraqi climate and market needs. To meet customer expectations and requirements the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta's new formula meets the Iraq specification 3868 and the international standards EN 197-1:2011 CEM II/A-L 42.5 R, which is similar to Lafarge products in other countrie... |
Iran’s exports surpass 3Mt mark in first two months12 June 2014, Published under Cement NewsIran exported over 3.47Mt of cement and clinker in the first two months of the current Iranian calendar year, which began on 21 March, an Iranian cement industry official announced on Tuesday. In the second Iranian calendar month of Ordibehesht (21 April - 21 May ), Iran exported over 1.411Mt of cement and 625,393t of clinker, IRIB quoted Abdolreza Sheikhan as saying. Over 8.739Mt of the cement produced in the two-month period was used domestically, he added. Iran exported around 18M... |
Qatar consumption forecast to double by FY1718 April 2014, Published under Cement NewsCement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capital said in its report on Qatar’s cement sector released this week that consumption will be driven by heavy government infrastructure spending. Citing various official data, the report said Qatar is expected to open up to QAR182bn (US$50bn) construction projects this year, up 15 per cent compared to last year. The m... |
Fujairah Cement profit hit by weaker prices24 February 2014, Published under Cement NewsUAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales. In a filing posted on the Abu Dhabi Securities Exchange yesterday, the company said revenues were AED588m last year, compared to revenues of AED569m and a gross profit of AED35m the year before. “The market has not increased in our favour,” said Murthy Veasi, the company’s finance manager. “Prices have come down by nearly AED10 [per tonne] ... |
Lafarge's profit drops in Europe and Latin America, but group net profit jumps24 February 2014, Published under Cement NewsLafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU... |