Cement News tagged under: Saudi Arabia
Tabuk Cement to add production line, Saudi Arabia22 May 2012, Published under Cement NewsTabuk Cement Company’s management board has approved an expansion project for the installation of a second 5000tpd line. The project also includes the construction of power generation unit to meet the needs of the new production line, SeeNews Middle East & Africa reports. In mid-April, TCC said it registered an increase in net profit to SAR49.2m (US$13.1m) for the first quarter of 2012 from SAR41.2m, as a result of higher sales. |
Saudi Cement delays kiln starts until 3Q1216 May 2012, Published under Cement NewsFurther to Saudi Cement Company announcement in February 2012 regarding re-operating of Kiln No. 6 with 4000tpd of clinker capacity, and also the re-operating of three old kilns with total capacity of 1325tpd during the month of May 2012, the company has announced that due to technical reasons re-operating of all four kilns will take place during the third quarter of 2012. (Source: Mist News) |
Saudi Arabia: cement sales hit new record23 April 2012, Published under Cement NewsCement sales in March 2012 grew by 12.6% to reach 4.9Mt, a record high for monthly sales, based on a new report issued by NCB Capital on Wednesday. According to the report, clinker production grew by 10% to reach 4Mt, another record. However, clinker stocks declined sharply by 44.4% to reach 5.02Mt, the lowest level since August 2008. “Domestic cement sales rose 12.6% YoY and 10.2% MoM to 4.89Mt in Mar-12. Local clinker sales rose to 135,000t against 10,000t in February 2012,” the report ... |
Saudi cement sales reach monthly high – report19 April 2012, Published under Cement NewsSaudi Arabian cement sales and clinker production reached record monthly highs in March 2012, a new report by NCB Capital shows. “Domestic cement sales rose 12.6 per cent YoY and 10.2 per cent MoM to 4.89Mt in Mar-12. Local clinker sales rose to 135,000t against 10,000t in February 2012,” the report said. Clinker production was up 10 per cent YoY and 22.3 per cent MoM in March 2012 to 4Mt, another record NCB noted. Among listed players, Southern Cement reported the highest increase in... |
Saudi Cement Co 1Q net rises, Saudi Arabia16 April 2012, Published under Cement NewsSaudi Cement Co posted a 53.4 per cent rise in first-quarter net profit of SAR325.6m (US$86.8m) in the period, compared with SAR210.8m a year earlier, the company said in a statement to the Saudi bourse. |
Hail Cement gets government fund for new plant, Saudi Arabia13 April 2012, Published under Cement NewsHail Cement Co said in a bourse statement yesterday that the Saudi Industrial Development Fund (SIDF) had agreed to extend a SAR300m (US$160m) loan. The Saudi Arabian cement producer will use the funds to complete the construction of its cement plant in Turbah, which is scheduled for completion in the first quarter of 2013. (Source: SeeNews Middle East and Africa). |
Yamama Saudi Cement 1Q12 net profit rises11 April 2012, Published under Cement NewsYamama Saudi Cement said Tuesday its first-quarter profit surged 54% on the year to SAR278m (US$74.1m) due to higher sales and improved operational efficiency. First-quarter earnings per share were SAR1.37 versus SAR1.33 a year ago, the company said in a statement posted on the Saudi bourse website. Operating profit for the three-month period rose to SAR287m, compared with SAR184m in the year-earlier period, it said. Earlier this week domestic peers Yanbu Cement and Qassim Cement also r... |
SIDF approves new cement plant loan, Saudi Arabia09 April 2012, Published under Cement NewsThe Saudi Industrial Development Fund’s board of directors (SIDF) has approved a loan for a new cement factory to help meet demand in the the Hail region. Speaking to Arab News, Ali bin Abdullah Al-Ayed, director general of the fund, said the fund would continue to support the cement sector to meet the growing demand for the product in different regions. “We have approved a loan of SAR300m to establish a new cement factory in Hail.” The new factory would produce 1.7Mta, which can meet the... |
Saudi cement companies 1Q net profit rise, Saudi Arabia09 April 2012, Published under Cement NewsTwo leading Saudi Arabian cement producers have reported a rise in first quarter 2012 net profit due to higher sales. Yanbu Cement said its first quarter 2012 net profit surged 43.6 per cent YoY to SAR145m (US$38.7m). Earnings per share stood at SAR1.38, up from SAR0.6 from the same period last year. Meanwhile, Qassim Cement net profit rose 7.7 per cent to SAR158.4m (US$42.3m). First-quarter earnings per share were SAR1.76, down from SAR1.64 a year earlier, while operating profit rose 6.... |
Tabuk Cement new ready-mix venture, Saudi Arabia03 April 2012, Published under Cement NewsSaudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners. |