Cement News tagged under: Al Safwa Cement
Saudi cement companies fined for price manipulation14 April 2023, Published under Cement NewsSaudi Arabia’s General Authority for Competition (GAC) has fined 14 cement companies a total of SAR140m (US$37.33m) for price manipulation activities. Each company has been found guilty of trying to manipulate Saudi’s cement market with price increases, resulting in a SAR10m fine each. According to the Saudi Gazette, the GAC received numerous complaints that several cement producers were collaborating to raise cement prices and share the local market between themselves. After collecti... |
Al Safwa Cement to pilot microalgae project15 March 2022, Published under Cement NewsTo promote the concept of a circular carbon economy and support sustainability, a collaboration contract has been signed between Al Safwa Cement Co and Desert Microalgae Technology (DMT), and also its technical partner clean Combustion Research Center (CCRC) at King Abdullah University of Science and Technology (KAUST). At KAUST it was agreed that DMT build and develop a pilot project at Al Safwa plant to cultivate microalgae using waste resources (carbon emitted from flue gas and brin... |
A flurry of activity in the white cement sector28 June 2019, Published under Cement NewsThis week ICR reported on FLSmidth’s successful contract award of Al Safwa Cement's project to convert one of its grey production lines to white cement by 2020. The white cement market is providing extra opportunities to Saudi cement producers as demand for grey cement has been subdued and additional revenue streams are needed. Previously, another Saudi cement company, Al Jouf Cement , had spotted the opportunity offered by this profitable niche market. In April, it announced it would con... |
Arabian Cement in merger talks with Al Safwa Cement09 October 2017, Published under Cement NewsArabian Cement has entered into potential merger talks with Al Safwa Cement of Saudi Arabia, owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Social Insurance (GOSI). Arabian Cement has been attracted by the locational advantage of the plants of both companies and source of raw materials, besides the cost savings in selling, general and administrative expenses and relatively lean inventories, according to Al-Rajhi Capital Research. In addition, both... |
Al-Safwa Cement, SEC, sign deal for recycling of carbon ash01 June 2017, Published under Cement NewsSaudi Electricity Company (SEC) has signed a cooperation agreement with Al-Safwa Cement Co of Saudi Arabia for the recycling of carbon ash and the use of oils and oil residues as an alternative fuel source. Khalid bin Abdulrahman Al-Tuaimi, executive vice president Generation at SEC, said approval has been granted by the General Authority for Meteorology and Environmental Protection. This would reduce the full dependence of the cement factory on heavy fuel, thereby reducing dependence o... |
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