Cement News tagged under: Middle East
Iran's cement demand increases 8% in September17 October 2023, Published under Cement NewsThe Iranian cement market expanded by 8.1 per cent to 6.26Mt in September 2023 from 5.79Mt in September 2022, according to the Iranian cement association. Production of cement by domestic cement companies increased by 12.3 per cent YoY to 6.65Mt in September 2023 from 5.92Mt in September 2022 while clinker output was 0.9 per cent up to 6.67Mt from 6.61Mt over the same period. Total exports in September 2023 were down 17.5 per cent to 1.030Mt when compared with the previous year when export... |
Saudi cement sales drop 6% YoY11 October 2023, Published under Cement NewsSaudi Arabian cement sales declined to 4.01Mt in September 2023, down six per cent compared to the 4.26Mt seen in the same period a year earlier, according to Aljazira Capital. Over the same timeframe, cement exports advanced too 776,000t, up slightly from 773,000t in September 2022. Over the first nine months of 2023, export sales have remained stable YoY at 6.4Mt. September 2023 saw clinker inventories of 39.69Mt, marking an 11 per cent increase YoY and 0.4 per cent advance MoM, reports... |
Qatar market to expand by a CAGR of 5% in 2022-3205 October 2023, Published under Cement NewsThe Qatar cement market is expected to see a CAGR of 5.2 per cent in terms of value between 2022-32, reaching US$1550.9m by the end of the period. Much of this growth is being driven by the country’s rising population, fuelling growth in urbanisation. Qatar is seeing not only rising demand for residential and commercial buildings, but also civic and tourism infrastructure, according to a report by Future Market Insights. Government initiatives over the past five years have resulted in... |
Raysut Cement appoint a new CEO29 September 2023, Published under Cement NewsRaysut Cement Co has appointed Mr Tarek Talaat as its new CEO. Mr Talaat has 30 years of experience in the cement sector. He has worked at several leading companies in his career, including Holcim, Arabian Cement and Ras Al Khaimah White Cement. Mr Talaat has a bachelor’s degree in civil engineering from Cairo University in 1990 and studied financial management at the French INSEAD University before adding an Executive MBA from the Swiss Business School in Zurich, Switzerland. |
Saudi Arabia's exports fall 21% YoY in August15 September 2023, Published under Cement NewsSaudi Arabia saw its cement exports decline by 21.3 per cent in August 2023 to 620,000t. This compares to 788,000t in the same month a year earlier, according to Aljazira Capital. Domestic sales in August 2023 came in at 3.96Mt, marking a contraction of 9.6 per cent from the 4.38Mt recorded in August 2022, reports Zawya. Clinker inventories stood at 39.5Mt in August, up 10.5 per cent YoY and 1.2 per cent compared to July 2023. This marks the highest inventory level since Septem... |
Iranian cement consumption sees 16% rise in August13 September 2023, Published under Cement NewsIran’s cement market expanded by 15.9 per cent YoY to 5.77Mt in August 2023 from 4.98Mt in August 2022, according to the Iranian Cement Association. Cement production increased by 13.8 per cent YoY to 5.6Mt while clinker output edged up by 1.8 per cent to 5.72Mt in August 2023. Domestic cement producers exported 0.38Mt of cement, up 26.7 per cent YoY, but clinker exports fell by 16.5 per cent YoY to 0.66Mt in August 2023. |
City Cement sets up AF joint venture12 September 2023, Published under Cement NewsSaudi Arabia-based City Cement Co has announced that its subsidiary Green Solutions for Environmental Services has set up a joint venture to produce alternative fuel from waste, reports Zawya. The newly-created venture, which reportedly has capital of SAR6.77m (US$1.8m), is owned by Green Solutions (29.4 per cent), Lechtenberg Middle East for Environmental Services Co (19.6 per cent), and Tadweer Environmental Services Company (51 per cent), a unit of Public Investment Fund-backed Saud... |
CEMEX supplies Vertua to Khalifa Port expansion07 September 2023, Published under Cement NewsCEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of the largest port infrastructure projects in the world. Strategically situated midway between Abu Dhabi and Dubai and serving 25 major shipping lines with direct links to over 70 international destinations, Khalifa Port is an 18.5m deep-water multipurpose port with a total of 10.6km of quay wall that include two con... |
Hoffmann Green Cement Technologies to build green plants in Saudi Arabia06 September 2023, Published under Cement NewsHoffmann Green Cement Technologies (HGCT) has signed a 22-year exclusive licensing agreement with Saudi-based Shurfah Group that will see the construction of several green cement units across the kingdom. Founded in 2014 and based in Bournezeau, western France, Hoffmann Green Cement Technologies is a designer, producer and distributor of innovative extremely low-carbon cements that present, at equivalent dosage and with no alteration to the concrete manufacturing process, and superior p... |
Southern Province Cement posts net profit of SAR68m in 2Q2304 September 2023, Published under Cement NewsIn the January-June 2023 period, Southern Province Cement logged net profits after zakat and tax valued at SAR68m (US$18.1m) down 54.6 per cent YoY from SAR150m. Revenues declined by 6.74per cent to SAR526m in the 1H23 from SAR564m in the 1H22, while the earnings per share (EPS) plummeted to SAR0.49 from SAR1.07. During the 2Q23, the company posted 68.9 per cent lower net profits after zakat and tax at SAR19m, compared to SAR61m a year earlier. The revenues decreased by 3.42 per cent... |